Technical analysis by Voldernicus about Symbol PAXG on 10/6/2024

Voldernicus

For the upcoming week, the key resistance and support levels for XAU/USD (gold) are as follows:Resistance Levels:1.$2,668 to $2,674: This zone represents immediate resistance, and a sustained move above this could signal further upside potential .2.$2,680: If gold breaks through the initial resistance, this is the next key level to watch .Support Levels:1.$2,654: This is a critical support level. Gold has been hovering around this area recently, and any break below could signal a bearish move .2.$2,640 to $2,648: These lower levels provide further support, with $2,642 being the 200-day EMA, which could serve as a strong base if prices decline .These levels will be influenced by movements in the US dollar and market reactions to any economic or geopolitical developments.