Technical analysis by borsadigital about Symbol PAXG on 10/29/2024

📝 With the elimination of the possibility of a 50 basis point interest rate cut by the Fed, gold has started to gain upward momentum again. 📝 There was a significant decline in the precious metal at the beginning of the week due to the calming geopolitical developments in the Middle East. 📉📈 However, the weakening of the dollar during the day allowed gold prices to head towards the levels of $ 2758. 📉📈 In this context, while the levels of $ 2743 and $ 2728 are followed as support in intraday pricing, the levels of $ 2758 and $ 2768 can be evaluated as resistance. ℹ️ The investment information, comments and recommendations contained herein are not within the scope of investment consultancy.