Technical analysis by Titan-Forex about Symbol PAXG: Buy recommendation (6/19/2024)

Dear traders! Gold prices rose on Tuesday after economic data from the United States showed consumer spending was constrained by a weaker-than-estimated Retail Sales report. This has fueled speculation that the Federal Reserve could begin an easing cycle this year, thereby supporting gold. However, at the same time, a wedge is gradually forming with the aim of further consolidation. I expect that after the market returns to the support level, the price will break the resistance and grow. Plan to trade today June 19 👨‍💻 XAUUSD BUY zone 2323 - 2321 🔹SL 2318 🔹TP 2328 - 2334 - 2340 It is expected that in the near future, as long as gold maintains above the resistance level of 2328 USD, we will see gold develop and retest the liquidity zone of 2373 USD as mentioned before.