Technical analysis by ttf-funda about Symbol PAXG: Buy recommendation (12/9/2024)

Reason for buying?FED Lowering their interest rates which is good for the Gold.Gold was a traditional Hedge against inflation, with Trump proposed tariff which likely inflationary, I guess Gold will get some demand on thisDemand for Gold in some Asian countries. China's central bank resumes gold purchases after six-month hiatus in Nov (Source: Reuters)Geo Political events.Rumors about "Santa Rally" that happening every year (Seasonality).End-year rebalancing flow ( Bargain-Expensive-Cheaper)