Technical analysis by mr_mat_sa about Symbol PAXG: Buy recommendation (10/12/2024)

We can start off by saying Gold has been beautiful this year for bulls, to think that we would reach 2600 wow, i know there are some bears who had a rough year. Back to the analysis, assuming gold is overbought would be very bad, more than often the markets do what we do not expect. Looking at the current price i would love to see a deeper correction and look for a long positions as indicated on the chart first jab would be at 2530 and the second attempt at 2484. Hopefuly the election will make investors flock to buying Gold in fear of the dollar sliping during elections. Thats it from my sideThats about it for 2024. Cheers fam