Technical analysis by Falcon-Training-Camp about Symbol PAXG: Buy recommendation (10/28/2024)

Strategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach.Specific Trade Setups:Enter long positions on gold between the 2725-2728 rangeInitiate short positions on gold between the 2737-2739 rangeTrading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.Strategic Gold Trading in NFP Week: Steady Positioning