Technical analysis by CoinYardim about Symbol PAXG: Buy recommendation (4/29/2024)

Today is Monday, April 29th. Our eyes are turned to the results of the FED meeting to be held on Wednesday, May 1. We are preparing this analysis for ounces of gold, which started the week with a horizontal trend. We think that the May 1 Fed meeting will support a stable process in interest rates, so we do not expect any change. From this point of view, if we evaluate ounce gold, our expectation is that 2457 levels can be tested unless there are daily or even weekly closings below the 2320 level of ounce gold. We had a good trend after the Özel Bayrak formation we shared before. Now, we are here with an outlook that we think will continue as long as it stays above the 2320 level. Possible target areas are shown on the graph. Important Note: Daily closes below 2320, which is the escape zone, may create a period with sellers. We recommend that this level be monitored carefully. Note: It is not an investment recommendation, just an expectation. Regards.