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

This week, gold is expected to follow an upward trend, although it could experience some initial setbacks. A strong rebound has been observed due to a new escalation of geopolitical risks, particularly in Ukraine, which could keep the gold price above $2,700 per ounce. There are expectations that gold could attempt to reach new all-time highs after these setbacks, with a possible return to the resistance zone around $2,730. If the price fails to break this level, it could fall to $2,665. However, if it breaks the resistance at $2,740, we could see a rise towards $2,800.