Technical analysis by Nexus-Trading about Symbol PAXG: Buy recommendation (10/29/2024)

Hello everyone!The bullish trend continued in today's trading session, with the precious metal aiming to maintain its move around the $2,750 mark early Tuesday. Despite the rebound, gold prices remained within a familiar range as the US dollar's rally paused ahead of the release of top US economic data later on Tuesday.Meanwhile, growing excitement over a possible victory for former US President Donald Trump in the November 5 election, combined with hopes for more stimulus from China, supported global equities, reducing the safe-haven appeal of the US dollar, which in turn continued to support gold prices in the coming period.Wishing you successful trading and good luck in the markets!Active