Technical analysis by Ed_Ale about Symbol PAXG: Buy recommendation (9/27/2022)
https://sahmeto.com/message/2535589

Ed_Ale
Rank: 979
Analytical Power:
2.7

The inflation data and with the rise in interest rates we are seeing a USD strengthening with everyone but a recession has not yet been declared in the United States, something that could change everything especially for GOLD, which is the main refuge of value in the face of a crisis, we saw it in 2008 that exceeded maximums with the economic crisis, we saw it in 2020 with the health crisis exceeding maximums again. Now there is possibly a new economic crisis and right now we are experiencing the same as in 2008 with several layoffs in large companies and with quite high inflation, Powell said that it did not matter if real estate and the stock market fell, what matters to him is inflation .https://www.tradingview.com/x/IQPc3p4C/
Translated from: English
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Signal Type: Buy
Time Frame:
1 dayPrice at Publish Time:
$1,635.29