Technical analysis by DollarPipsFX about Symbol PAXG: Buy recommendation (5/20/2022)

For GOLD i believe we are in our last push up in the 5 wave diagonal for Minor Wave 5 within the Major Wave 5. As we can see price respected the diagonal channel at the bottom indicating the end of Wave 4. With that being said i believe we will be creating new highs for Gold by somewhere around late this year. The inflation situation with the USD is also another good indicator as to why more people may start buying Gold as a safe heaven until unless the US comes up with some good news fundamentally. I do not see that happening at least not till next year or when the election is over. Till then i believe its GOLD BULLISH as it aligns with my TA as well. Great Swing Positions. Good Luck