Technical analysis by NicoTradingMaster about Symbol PAXG on 10/9/2024

The positive economic data recently released has caused investors to take profits on gold, shifting their investments to profitable assets such as stocks. Investors are also selling gold because today, the Federal Open Market Committee (FOMC) will release the minutes of last month's meeting.The employment report and positive economic data, investors expect the report will also have a positive assessment of the economy, as well as the interest rate policy may remain unchanged so that the Federal Reserve can maintain the conditions to bring inflation to the target of 2%.BUY XAU 2616 - 2614TP1: 2624TP2: 2630SL: 2608running + 70 pips