Technical analysis by p4917 about Symbol PAXG: Buy recommendation (7/25/2024)

Looks like XAUUSD has done an ABC correction to the downside, has re-tested no the 61.8 % fib retracement and the SMA 30.I've placed my stop underneath the 50 SMA - let's see how this works out.Bang! SL was been hit. If the next candle is green and makes it above the 61.8 retracement again, I'll enter again long.Okay, now again stopped in:If the yellow metal gives me again a face punch, I'll stay out of the market till Q4 - but let's see how it works this time;)