Technical analysis by AGCL about Symbol PAXG: Buy recommendation (12/15/2023)

In simple terms, it looks like the market is showing signs of going up. The weakening of the DXY (U.S. Dollar Index) and support forming for gold below $2028 suggest a positive trend. The key level to watch is $2032 and the 0.382 Fibonacci retracement, which is significant for us. If the price consolidates near the resistance and breaks above $2040 despite a previous false breakout, it indicates potential for further growth, especially if there's positive news supporting it.