Technical analysis by Fxgoldtraders about Symbol PAXG: Buy recommendation (5/15/2024)

Trading plan Today. #XAAUSD PLAN DAY 5/15/2024 ❤️Golden information ❤️ The Gold Price Rose Slightly Due to a weaker US dollar(USD) factors Like strong demand Central Bank Purchases, and Geopolitical risks in the middle east Supported gold, However, Hawkish Comments from federal reserve officials, including chairman Jerome powell's suggestion of higher interest rates for a longer Period, May push Gold Lower in the short Term. Later Today, the US Consumer Price Index (CPI) for april will Be released providing insight into the timing of the fed's rate adjustment, Additionally retail sales for april will be published offering information on consumer spending trends, if inflation data exceeds Expectations, the Fed may adopt a more aggressive stance strengthening the greenback and Putting pressure on USD-denominated Gold. ~Personal Coment "FXgoldtraders" Todays CPI Data continues to be Evaluted By experts in favor of gold Gold price is still moving within the H4 Long term price increases range. Todays Expected resistance Level $2376,$2390 *GOLD BUY ZONE ::$2346-2348 SL 2343 Scalping (European and Asian Sessions) TP : $2352 TP : $2358 TP : $2366 🚩GOLD SELL ZONE :$2376-2378 SL 2381 TP: $2370 TP: $2365 TP: $2358