Technical analysis by savvyacademy about Symbol PAXG: Buy recommendation (6/29/2024)

XAUUSD on daily chart seems to be in a trading range. On 4 hourly chart, a recent upthrust seem to have ended with a selling climax. Interpreting the current price action with Wyckoff schematic, there are last point of supply and last point of support and secondary tests. A double bottom seems to have formed. The possible buy setup could be near the recent 4 hour FVG, with TP1 near 2,370, TP2 near 2380 and TP3 near 2430