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

Welcome to DECRYPTERS ! NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THING upon analyzing gold over all trendi is bullish due to several factors why to buy gold ? building narrative because of followings:- 1 - geo political situation 2- banks demands for gold 3- inflation issues in us 4- japan currency devaluing issue 5 -brics 6 -infaltonun certanity 7- gold silver ratio smart money hates uncenrtanity , so they are buying alot of it over 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 high Forecasted 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 Auction CORRELATION:- 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 industry 7- 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"