Technical analysis by Manny_FX_ about Symbol PAXG: Buy recommendation (5/31/2024)

GOLD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up.Took profit while recording the explanationThe Winning Playbook1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.