Technical analysis by GoldyMan about Symbol PAXG: Buy recommendation (2/29/2024)

XAU/USD exhibits mixed signals on the 1-hour chart. While oscillators show neutrality with some sell signals, moving averages lean towards selling, and pivot points suggest a neutral to bearish sentiment. The gold forecast hints at a potential decline, with a 60% probability of a price decrease. Traders should exercise caution, waiting for confirmation before taking positions amidst the conflicting indicators.