Technical analysis by YokubjonUmedovich about Symbol PAXG: Buy recommendation (10/30/2023)

XAUUSD daily timeframe is a significant technical indicator that can suggest a potential bullish trend reversal. XAUUSD / XAUUSD / XAUUSD Golden Cross: Moving Averages: Use moving averages (e.g., 50-day and 200-day) to assess the strength and direction of the trend.Market Sentiment:COT Report: Review the Commitments of Traders (COT) report to gauge the positioning of commercial and speculative traders in the futures market.Market News: Stay updated with news related to gold, the USD, and global economic events that could influence market sentiment.#Fundamental Analysis:Economic Indicators: Monitor economic data that can influence the price of gold, such as inflation rates, interest rates, and GDP growth.Geopolitical Events: Keep an eye on geopolitical developments that might impact the demand for gold as a safe-haven asset.US Dollar Strength: Assess the overall strength of the USD as it plays a significant role in the XAU/USD pair.Central Bank Policies: Analyze the policies of major central banks, such as the Federal Reserve, which can impact interest rates and, subsequently, the price of gold.https://www.tradingview.com/chart/XAUUSD/ZHQe8FEY-Lingrid-GOLD-Weekly-Price-Action-ANALYSIS/ZHQe8FEYWeekly Time frame resistence zone