Technical analysis by winner-2008 about Symbol PAXG: Buy recommendation (3/4/2024)

Gold awaits support levels to open long orders Last Friday, gold broke through the resistance level of 2065 and reached a new high. It did not stop rising until it reached the resistance level of $2088. Today, the price of gold encountered resistance near 2088. In addition, many long profit orders will sell one after another when seeing the price drop, so the price will fall back next. The price is expected to fall back to the $2065-2070 range and continue the upward trend. Suggestion: If the price falls back to the 2060-265 range, you can open a long position, the take-profit price can be set at $2085, and the stop-loss price can be set at $2050.