Technical analysis by MtICHI about Symbol PAXG: Buy recommendation (10/15/2024)

Gold prices remain steady, straddling the $2,645.01 pivot, with market direction tied to U.S. dollar strength and Fed rate cuts.The U.S. dollar index has surged 2.5% since late September, nearing a two-month high, putting pressure on gold prices and limiting upward potential.Gold faces resistance from a strong dollar and higher Treasury yields but could rally if support holds above the $2,645 daily pivot.tp reached