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

Welcome to DECRYPTERS !NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THINGupon analyzing gold over all trendi is bullish due to several factorswhy to buy gold ?building narrative because of followings:-1 - geo political situation2- banks demands for gold3- inflation issues in us4- japan currency devaluing issue5 -brics6 -infaltonun certanity 7- gold silver ratiosmart money hates uncenrtanity , so they are buying alot of itover all gold is bullsih in yearly / monthly /weekly charts ( for now)Previously :-from 2432 2277 -2295 were called and we took buy live on our yt from those levels there was little hurdle at the area of 2313-2325 (as shown above in chart)now the hurdle is flipped overcome we are expecting bullish prices on gold until new all time highForecasted gold projections based upon following :-Gold buying reasons at level of (2360 - 2374)1 - Downward tredn-line from previous all time high( shown in yellow color)2- Two green horizontal lines (advanced smart money level)3 - Bullish parallel channel (which supports the smart money level and trend line)4- The white line is showing trajectory ( of the expected move)5- Volume profile and Volume Analysis (VSA) Also supporting buying AuctionCORRELATION:-1- Dxy losses recover from previous days causing gold to (range + bearish)2 -us10 y recover its losses previous days causing gold to (range + bearish)3- cpi and ppi data cool down effect 4 - No major news to make dxy $$ bearish until end of week( important point )5 -Silver local top adding confluence as well 6- Gold vs silver ratio ( above 80 ) meaning very high demand for gold in metal industry7- new war or tension news is expected to give gold strentgh soon( in macro picture )ASTROLOGICAL ASPECT:-as per astrology we are bullish on gold untill 21st of may ( approximate date)what will happen after that ? ? will gold fall ? will gold rise ?~Stay tuned with decrypters for the update Thanks for reading the post and be with us till now , plz press like button if you like the post"Regards Decrypters"