Technical analysis by Trader_BrianFX about Symbol PAXG: Buy recommendation (6/19/2024)

Hello everyone, it's Brian! Let's dive into today's gold market analysis. On today's chart, gold is showing a slight increase compared to the same time in yesterday's session. Currently, it's trading around $2330, and I have a few observations to share. Trend Analysis: Gold is still in a consolidation phase, lacking any significant breakout as it remains capped below the $2335 resistance level. Outlook: I see a promising upward trend, especially with the ascending trendline on the 4-hour chart. I'm looking forward to buying opportunities once the price breaks above the current resistance and the descending wedge. My target for this strategy is $2380. What do you think? Do you agree with this perspective?Trade active