Technical analysis by Daisy_Anna about Symbol PAXG on 5/3/2024

The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar.The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded from their initial lows but remain below the moving average line, gradually losing upward momentum.