Technical analysis by Scalper_Ananda about Symbol PAXG on 7/17/2024
https://sahmeto.com/message/3363818

Scalper_Ananda
Rank: 22718
Analytical Power:
1.5

🟢Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal. 🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”. 🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities. 🔝Gold rises on hopes of a September interest-rate cut🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak
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Signal Type: Neutral
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$2,455.7