Technical analysis by Badi_Gunnars about Symbol PAXG on 6/5/2024

Hello everyone Yesterday after the news I checked long on gold. But I didn't stay long in that position because gold didn't moved according technical analysis (at least as I expected). So my approach was a little bit careful. But now gold moved as predicted. Why did I choose for long? Because once gold reached on the discounted area 2315, I waited for LTF confirmation and it gave it in 1m. Also, price didn't make another low. Which provided me double bottom classical W on 1H. My TP1 was 2331. Now I'm expecting price to reach 2360 sell side LQD grab. If price closes full body above that price, i will look for bullish movement as main and retracements bearish only. Now price is in between internal structure so be careful. I'll update you soon. Good luck