Technical analysis by Scalper_Ananda about Symbol PAXG on 8/2/2024

Gold rose to around $2,460 per ounce on Friday, approaching record highs and on track for a weekly gain, driven by recent weak US economic data that bolstered expectations of Federal Reserve rate cuts. Thursday's data showed US manufacturing activity contracted more than anticipated in July, with employment hitting levels not seen since 2020. Additionally, jobless claims rose to 249K, the highest in nearly a year. Investors are now awaiting the monthly jobs report later in the day for further insights. Meanwhile, the escalating risk of a broader conflict in the Middle East is enhancing gold's appeal as a safe haven. Markets are closely watching Iran's response to the assassination of Hamas leader Ismail Haniyeh, which follows the killing of Hezbollah's top commander in a Beirut airstrike.❓NF - NEW ATH XAU - market expectations📈SELL GOLD: 2498 - 2501➡️SL: 2508➡️TP1: 2483➡️TP2: 2467➡️TP3: 2442📉BUY GOLD: 2420 - 2418➡️SL 2412➡️TP1: 2433➡️TP2: 2442➡️TP3: 2467GOOD LUCK EVERYONE👍