Technical analysis by DNA_fxview about Symbol PAXG: Buy recommendation (12/27/2023)

Dear readers, Just as I predicted yesterday, after the price adjusted to the level of 2054, gold continued to maintain its strong upward trend. At the time of writing this article, the price is stable around 2964 - 2066 USD. Personal analysis: Currently, gold benefits from a weakening US dollar in 2024 and political instability in many places such as Ukraine, the Middle East, and the Taiwan Strait (China). Additionally, there is an ongoing economic conflict between the US and China. Therefore, the prospects still lean towards an upward trend as gold performs well in the rising price channel, providing further momentum for this precious metal's recovery.Trade activeComment:Comment: News about Middle East tensions are returning and are likely to increase and flare up in the near future. Gold prices are forecast to be less volatile and stay high for the rest of the year.