Technical analysis by SalemSignals about Symbol PAXG on 10/14/2023

During the fluctuations experienced by the US dollar and the volatility America is suffering from in the economy and the fight against inflation, gold began to fluctuate a lot to a larger range starting from $1800 to $1950, and this range was a big game for gold traders. Technically, as we said, it is in the aforementioned range, but on the weekly chart it appears that gold, no matter how high it rises, must return to the point of $1675 or $1614, both of which are strong points, and here is an explicit buying zone. Accordingly, we will wait for gold when the purchase is saturated, so that our deal is a sell.