Technical analysis by Michael-Kay about Symbol PAXG: Buy recommendation (6/24/2024)

XAUUSD: BUY 2319-2308 TP 2336-2342 Hi friends, I'm Kelly, my trading is going on! On Friday, gold fell sharply, resulting in a clear divergence in the pattern. Before the close, I have shared my trading strategy with you. I am currently long gold. After the opening today, the price fell slightly, but it is still above the cost. Because it is the first rebound, there is no confirmation of the bottom support, so the rebound is not large. It is expected that there will be a second decline, and we can increase our positions at that time. Overall, before the price returns above 2340, I will maintain the strategy of low-level longs and wait for the target to be achieved. Like our previous transactions, it still takes some time to achieve the target. If you are following my strategy to trade, please be patient! Have a good day, love you, my followers!Trade active: Wait for it to rise slowlyTrade active: There is already a profit. There is resistance near this price, and the rise will be slow, but it will eventually rise. If you don’t like to hold for a long time, you can close it first and buy it after it falls back. If you are patient like me, you can continue to hold and wait for it to reach our target price.Trade active: It rose to 2332 and fell back, and has not yet hit our 2336 tpTrade active: It is back above 2332. The resistance is relatively large. You can close some orders first.