Technical analysis by Bruno_TradingFX about Symbol PAXG: Buy recommendation (11/3/2023)

Gold increased at the end of the week after bad news for USD Dear readers, as expected by the market in the last trading session, Gold received support due to less optimistic news about the USD. At the time of writing, the price is trading at $1993. In the coming period, the chances of an upward movement will be more certain. However, Gold will need to maintain the level of $1994 to continue expanding its positive trend. On the other hand, sliding below $1990 could lead to a decrease in price to $1985. This level is also considered an important support level that could help sustain the upward momentum.Trade active