Technical analysis by Magic-Kelly about Symbol PAXG: Buy recommendation (6/20/2024)

Have a nice day, my friends, I'm Kelly, let's keep making money! After two days of consolidation, gold finally rose again today. The long target we set on Tuesday is very close. In this transaction, we started to go long near 2316. So far, it has risen by 24$. Are you satisfied with this profit? At present, various indicators are still favorable to bulls. If there are no accidents, today is the time for us to reap profits. It should be noted that the data on the number of initial unemployment claims will be released in 7 hours. The data released last week was significantly bullish for gold. The forecast value this time is the middle value of the previous forecast value and the published value. Although the market's confidence in the short position is not very high, for the sake of safety, our orders will be closed before the data is released (if the target is not reached before the data). Prevent the market from falling due to the impact of news and let us lose our accumulated profits. Love you my friends, good luck!