Technical analysis by ZoharCapital3 about Symbol PAXG: Buy recommendation (8/4/2024)

XAUUSD BUY IDEA H4 1200 OB AUG 2ND. Waiting for OB to be obeyed. Take entries on M1/M3 upon Break Retest of the OB at 6:45-8AM, 8:45-10AM, 1045-1200 NOON, 1645-18 PM, 1845-20PM, 2045-10PM EAT. SL 30 pips or 30-60 pips for entries past 20 PM EAT. Swing Targets 2641.1, 2911.5.Waiting for OB to be obeyed. Take entries upon H4 Breakout of the OB on M1, M2 & M4 using Break Retest entries. Take entries upon H4 Break Retest of the OB on M1, M2 & M4 using Break Retest entries. Trading time: 6:42-8AM, 8:42-1018AM, 1042-1200 NOON, 1642-1818 PM, 1842-20PM, 2042-1018PM EAT. Entry timeframe: M1 M2 M4 You can take entries on Break Retest FIBO 50 or 75 levels once the current swing completes by retesting EMA; and starts a new swing on the trend direction as long as H4 is still trending. Risk up to 1% per set up. SL 30 pips or 30-60 pips for entries held past 20 PM EAT and haven't hit RR3. Move SL from 60 pips back to 30 at 9AM EAT.