Technical analysis by sxu8sxu8 about Symbol PAXG: Buy recommendation (11/24/2024)

Gold prices surged to a two-week high in North American hours on Friday, supported by a fall in US Treasury yields. Geopolitical tensions have kept demand for gold alive, although an improvement in U.S. business activity has limited its upward momentum. XAU/USD was up 1.50 percent at $2,710.Gold prices strengthened as the yield on the US 10-year Treasury fell two basis points to 4.40 per cent, giving a boost to the metal. Gold is on track for a weekly gain of more than 5%.Last week saw a sharp recovery, with gold back above the 2710 region. News of global tensions remains the main driver of gold's continued recovery.Based on the resistance and support areas for gold prices in the H4 framework, I have identified the following important key areas:Resistance: $2,747, $2,788Support: $2,645Black Friday is almost here. Do you have enough money in your wallet? There is Christmas next month, if you want to make money, you can contact me! You can choose to watch people shopping, taking vacations, buying cars during the upcoming holidays. Or buy your own car, vacation, or house!