Technical analysis by GCGoldenCircle about Symbol PAXG: Buy recommendation (8/16/2024)

We are in the third wave of a smaller degree pattern thats complex This is the third wave of a third bigger wave 2452 is the invalidation level Its support is 2450/2447.91 Below that you saw sharp declines but the 2440/2442 which is actual support for this too up to its supposed target 2485/2530 Remember mn to 6 months is still heavily bullish Retrace movement's can be bought at dips 2400 turned support again while 2480.28 keeps strong resistance for a third time Break will be in this months week if not I'll have to wait on news or overflow on bears. Bears won the double trap at 2475/2459 Pattern looks still billish as I said but now bulls are weak as sl for sellers is a possible tp a 2461/2469 Sellers want 2432/2337.10 News is the only thing that can favour selling below mva 50 2459.88 Sellers from 2460_2450.30 Buyers 2575_2455.5 Ranged market Daily indecision candlestick bullish close Weekly to 12 months bullish closes no retest of 2200 Target 2500/2900 lastly 1.5 million an 0.z 20 years 2025/2026-2037 somewhere there 5000-1000k1'35% up now anything can happen Monitoring 2470 2497-2500 Expecting slow choppy climb into new year 2800 Another 300+-$4501.87 below can correct price to 4495 Important support 4485/4475Price seems bearish. Many selling at the top. Buyers gave away momentum on daily TF I see a drop to 4423 This is what I dont like unexpected turns that become trend reversal for now ill move sl to 4480 for hald profits4505.88 key resistance needs engulfing close with 4510 Aim 4530-40 Or 4800/4900 Sellers below 4500.20 Aim 4494.60/4472/4420.78Buy order opened 4505.57I'll exit soon price rejection is to much. Sl for now 4486If we see 4550 this week I'll hold to 10 k like I said as my eyes on 1.5Million an oz but that may not be in my life time unless things pop of or we move into a new form of money or reset like the 2008 financial global year when inflation hit most people poor or a major setback3000$ year end target and start off as price of high but we will compare 2018/2019 with 2023/2024