Technical analysis by Alena-Blohm about Symbol PAXG: Buy recommendation (12/14/2023)

Dear friends! Currently, gold is going sideways and there are not many significant breakthrough fluctuations, stable transactions around US $ 2030. Accordingly, traders choose to wait on the sidelines before important meetings of the central bank at the end of today in the context of psychological accepting common risks. In addition, the US monthly retail sales data will provide some motivation for gold prices. I still hold the viewpoint from the previous division before: The price can still be slightly adjusted to the support level of about US $ 2,015, after escaping from the box to strengthen the rise!