Technical analysis by MarkEliza about Symbol PAXG: Buy recommendation (2/9/2024)

Gold edged lower early on Friday despite a weaker dollar and mixed treasury yields. Gold for April delivery was last seen down US$7.10 to US$2,040.80 per ounce. The drop comes amid listless trade for the dollar and yields with little fresh economic data to spur activity. The ICE dollar index was last seen down 0.7 points to 104.1. Treasury yields were mixed, with the US two-year note last seen up 0.5 basis points to 4.455%, while the yield on the 10-year note was down 1.2 basis points to 4.144%