Technical analysis by TrategySherpa about Symbol PAXG on 10/1/2024

World gold regains momentum World gold prices recorded a slight increase of 2,636 USD/ounce, showing a recovery compared to the previous session. In the previous trading session, the price had fallen to 2,629.5 USD/ounce due to pressure from the signal of a moderate pace in the Fed's next interest rate easing cycle. Fed Chairman Jerome Powell spoke at the annual meeting of the National Association for Business Economics (NABE), emphasizing that the economy is in a solid state and the Fed will continue to carefully evaluate input data when considering the next policy adjustment.SELL XAU 2645 TP1: 2638 TP2: 2630 SL: 2653