Technical analysis by sabiotrade about Symbol PAXG: Buy recommendation (10/22/2024)

#trading_idea #Gold 💡👑#Gold- Watch ResistanceOn the 1h chart, the price is testing 2740 resistance. Gold is trading in a strong upward channel. The MACD and Bears&Bulls both points to possible continuation of rise In addition there is an ascending triangle pattern formed.🔼If the price break through 2740, the further rise to 2750 is possible. 🔽Otherwise, a slide to 2720 support and lower could be expected.🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.➡️➡️ TRY SABIOTRADE NOW