Technical analysis by MarxBabu about Symbol PAXG: Buy recommendation (11/3/2024)

Gold has shown strong bullish momentum recently, with technical indicators pointing toward a potential rally to the $2,790 level. This target aligns with key resistance levels and is supported by ongoing market conditions that favor safe-haven assets.Key Highlights:Price Target: $2,790Market Sentiment: Bullish on safe-haven demand and macroeconomic factors driving gold’s value.Technical Support: Strong base established around current support levels, building a solid foundation for this potential uptrend.📌 Trading Plan: Consider entering on dips or confirmation signals of breakout above recent highs. Tight stop-losses near support levels are recommended to manage risk effectively in this setup.🚨 Disclaimer: This is not financial advice. Perform your own analysis before investing.The price is moving in sideways ,channel is not broken yet .Gold not respected the Channel ,Heavy fall damaged the analysis .