Technical analysis by Scalper_Ananda about Symbol PAXG on 7/17/2024

🟢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