Technical analysis by Trade_Simple_FX about Symbol PAXG: Buy recommendation (7/12/2024)

XAUUSD H1 This one would have been amazing to follow from our previous signal point at $2370/oz all the way up to $2425/oz, but as we stated we managed to remove ourselves from this position entirely for 2R. The full measure of this position was 10R. We are now waiting for a pullback, possibly looking to find support around this $2390/oz price. This is the previous area of resistance which has flipped the tables.