Technical analysis by Ily14 about Symbol PAXG: Buy recommendation (8/14/2024)

FUNDAMENTALLY; persistent inflation concerns drive investors to gold geopolic tensions make gold as a safe haven cpi came as negative which devalue from the dollar technically ;BULLISH TREND BREAK OF THE SUPPLY AND DEMAND ZONE A DEEP RETEST ON THE DAILY zone PRICE ABOVE THE SMAES HIGH BULLISH VOLUMEPRICE IS ON A MONTHLY S/D ZONE M LOOKING FOR SHRINKING CANDLES MULTIPLE REJECTIONS FEB RETRACEMENT EITHER 368 OR 50A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL 1H DOUBLE BOTTOM 30M ENGULFING OR A VARIATION CANDLE RM;1%RISK4.1 RRRSCALING IN USING BOH setup while trailing in my stops ps advice :follow your plan and onlythink of the setup itself not the money manage risk vs reward