Technical analysis by Elena_Aurora about Symbol PAXG: Buy recommendation (12/25/2023)

This will be a long-term analysis of Gold. Regarding the weekly chart analysis: Elena noticed that the price has been trading sideways for a considerable period of time, evidenced by the two dashed white lines. Currently, the price is stable at around $2053, with immediate support seen around $2035. Bulls have marked a strong fight as they try to push the trend back up. If the price action of this precious metal follows this trading idea, the resistance level and target price could be around $2260, with the peak of this range at $2538. What about you? How do you feel about the future trend of gold?Comment: The market is temporarily closed, the market will start operating again tomorrow. Right now, spend time with relatives and friends. Merry Christmas!