Technical analysis by Aleksin_Aleksandar about Symbol PAXG: Buy recommendation (11/13/2024)

Today, we see a positive price movement compared to yesterday when a new low was formed at $2589. The US session could bring new momentum and push the price above $2620. Gold has a chance to recover to the $2635 level. With that step, we return above the 38.2% Fibonacci level. If the bullish momentum continues, the next target is $2650 and the 0.50% Fibonacci level.