Technical analysis by strictserip about Symbol PAXG on 6/6/2024

Monthly Analysis of Gold (XAU/USD)Opening Price: $2286.10Closing Price: $2327.20Highest Price: $2450.125Lowest Price: $2277.345Green Candles: 15Red Candles: 11Monthly Pip Range: 172 PipsAverage Daily Range: 22.8 pips Average True Range (ATR) for the month was 24.5, indicating moderate volatility.—————————————————————The release of strong US PMI data and recovering US T-bond yields significantly impacted gold prices.Renewed US Dollar strength added pressure on gold, making it difficult for XAU/USD to maintain bullish momentum.