Technical analysis by Manny_FX_ about Symbol PAXG: Buy recommendation (6/10/2024)

GOLD XAUUSD 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 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 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.