Technical analysis by Michael-Kay about Symbol PAXG: Buy recommendation (6/26/2024)

XAUUSD: buy 2319-2313 tp 2332-2343 Gold has formed a double bottom structure. Usually in this form, the probability of rising is above 80%, so we buy today, tp2332-2338-2343. The rising resistance is near 2326, and the support is 2314. You can buy at the current price near 2319. If it falls back to 2314, increase your position. During the rising process, if it encounters resistance near 2326 and cannot break through, close the long position and start selling. Tp2307Trade active: It failed to break through 2326, long positions made little profit, but short positions made huge profits