Technical analysis by DNA_fxview about Symbol PAXG: Buy recommendation (12/26/2023)

Dear friends! Do you have questions about Gold today? Regarding impact news: The market today does not have much supporting information. The gold market is preparing to end 2023 with strong price increases. The US Federal Reserve (Fed) has signaled that it may cut interest rates three times by 2024. The Fed reduces interest rates, meaning the USD weakens, thereby supporting gold prices. Therefore, it will not be surprising if gold prices will continue to be supported by the weakening of the USD. The recent technical breakthrough could push gold prices to $2,100/ounce. Technical analysis: The short-term price uptrend continues Gold's upward momentum without any significant breakthroughComment: good luckComment: US WTI crude futures rose 0.33% to $73.80/barrel and Brent futures were at $79.33, down 0.08% on the day.Trade activeComment: