Technical analysis by decentshaw about Symbol PAXG: Buy recommendation (3/18/2024)
https://sahmeto.com/message/1603893

decentshaw
Rank: 6650
Analytical Power:
1.6

Read carefully. Gold is exhibiting Bullish Flag Structure on Daily Chart. Current Price structure is looking Like bearish (Making Lower Highs and Lower Lows) in Lower TF. But to me its consolidating with in range. (Consolidation Range: 2140-2180). Higher TF discloses the clearer picture. Currently 20 & 50 MA is restricting price movement above 2162-2165 (4H TF). And Trend line is giving resistance at 2167-2170 Region. But Once this is cleared by the price movement (Bullish Flag Breakout Near and after FOMC- June Rate Cut coming nearer) I see a clear Target of 2200-2230-2248 with in 2 Weeks horizon.How do u see the Analysis. Do CommentTarget Achieved Successfully
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Signal Type: Buy
Time Frame:
4 hoursPrice at Publish Time:
$2,135.16