Technical analysis by NeeravYadav about Symbol PAXG: Buy recommendation (8/19/2024)

Though it is unclear if W.4 in Gold is complete or has one more leg down remaining, from a swing perspective the market is suggesting one more up leg with upcoming resistance around 2513.If we see continuation of W.4 then the next support level is at 2847 and sustenance below the same would suggest extreme weakness and the possibility that this market maybe doing something else.