Technical analysis by parisseine about Symbol PAXG: Buy recommendation (5/13/2024)

XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area. A stable breakout of 2364 resistance will negate this pullback.Pullback is going further south to reach 2342 with an expected bounce back to the 2359 price level. Only a breakout above may bring a stable Long within the current market correction context :(The Daily low in the 2339 mark may create a consolidation range from now between 2346 and 2352 before getting able to go more up.