Technical analysis by LuxeFX_Trading about Symbol PAXG on 4/8/2024

Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.Gold price is fluctuating in the range of 2230-2360, I think gold needs a strong buying force to break out.Gold price is running close to the target