Technical analysis by SantaTradeGold about Symbol PAXG on 7/23/2024

World gold prices tend to recover after falling in the previous session, losing the mark of 2,400 USD/ounce right after Joe Biden announced he would not run for the next US presidential election. Previously, analysts predicted that after a sharp decline from a peak of 2,482 USD/ounce, gold could witness another sharp decline at any time, when the overbought volume is dominating, especially in if it falls below the psychological mark of 2,400 USD/ounce. Gold can only stabilize or reverse the situation, when upcoming economic data will benefit this precious metal. In particular, the US June CPI - announced this weekend is expected to continue to decrease, which supports gold prices.🔝 XAUUSD BUY 2399 - 2401 🪙🪙🪙 ✔️ TP : 2410 ✔️ TP2 : 2415 ❌ SL 2395