Technical analysis by Bruno_TradingFX about Symbol PAXG: Buy recommendation (11/2/2023)

Gold looks for buying opportunities In important foreign markets, the US dollar index has seen a slight increase during the day but a decrease compared to overnight levels due to weaker US data. Nymex crude oil prices have risen and are trading around $82.50 per barrel. Political tensions and economic difficulties in China are also contributing to positive developments. Further growth in the stock market will limit any significant price increases for safe-haven precious metals. For these reasons, gold buyers are seeking opportunities to buy when prices are low. As long as the $1970 support level remains strong, do you agree with me?Trade activeComment: