Technical analysis by Gold_Gain_Analysis about Symbol PAXG: Buy recommendation (5/1/2024)

Gold met our expectations, dipping to 2300 and bottoming out at 2293, favoring short positions. Today, we capitalized on the trend, shorting near 2323, hitting our profit target successfully. Congratulations on another winning trade! Currently hovering around 2296, gold bounced back from 2293 after its initial dip. While many may be tempted to continue shorting below 2300, I advise against it. Instead, let's consider gradually shifting towards long positions below this threshold