Technical analysis by WaveRiders2 about Symbol PAXG: Buy recommendation (11/1/2024)

Trade Setup for Gold (XAU/USD):Entry Point: $2,753Stop Loss: $2,747Target: $2,765I'm looking at a short-term entry at $2,753, aiming for a quick move up to $2,765. With a 2:1 risk-reward ratio, this trade has a tight stop, making it a calculated play. Watch out for momentum around the entry level, and manage risk carefully. Let's see how the market responds!