Technical analysis by Euroraa about Symbol PAXG: Buy recommendation (1/9/2024)

Hello traders! The price of gold is expected to continue rising in the near future, as observed from the 1D chart where gold retreated to the 0.5 Fibo level and found support at 2017 USD. The outlook remains bullish, with market expectations of a rate cut by the Fed this year. Positive signals from the EMA also contribute to the strong psychological factor behind this price increase. Let's wait and see for the results! What do you think about this?