Technical analysis by ElenaMayi about Symbol PAXG: Buy recommendation (5/16/2024)

Yesterday, the price of gold reached our second target, gained 360 pip, and will continue to reach our third goal. Gold will make a long correction for today, possibly to 2369 or more, before resuming its rise to the new high zone. brief stabilization below level 2383, the correction process to reach level 2369 is confirmed. Also, by trading above the 2383 level, we reach the 2400 level. Tendency: Long 2369 Target station: (2383, 2400, 2432).