Technical analysis by NaranjCapital about Symbol PAXG: Buy recommendation (10/9/2024)

● Gold prices have recovered from a 6.5% fall and are now trading above $3000 per ounce.● Tariff developments and US President Trump's comments are influencing market sentiment and gold prices.● A record $21 billion inflow into Gold ETFs was recorded in Q1 2025, indicating strong interest in gold as a safe-haven asset.● Technical analysis suggests a key support level for gold prices between $2950 and $2960, which could impact market trends.