Technical analysis by Goldminer10 about Symbol PAXG: Buy recommendation (6/17/2024)

Goldminer10

The chart below shows gold trading lower since 7 June 2024. I believe the bottom is in at 2291 - we have started a gold rush to new highs above 2390. im looking for a pullback around 2310 to 2300 as our key, support this coming week.Once in that zone and it holds we can start looking for reversal patterns as an entry point for a long position. The next target would be 2291to complete the extended wave iii and an early exit position before the market moves lower.Don't be in a hurry to enter long position, let them collect liqudity wellDon't be in a hurry to enter long position we have another correction....Well, the holidays caused the trend dont move forward according to the channel and the growth phase started with a delay.The reversal pattern has not been seen yet, it seems that it will grow to the top of the channel tomorrow.