Technical analysis by RojBarwari about Symbol PAXG: Buy recommendation (5/22/2024)

The current analysis indicates a bullish trend for XAUUSD , provided it stays above the pivot line at 2410 as we mentioned before. The prevailing bullish pressure suggests that if trading remains above 2410, the trend will continue a strong upwards. The price is expected to rise to 2450, and stabilizing above 2450 could lead to a further increase to 2463 and 2475. Key Levels: Bullish Line: 2430, 2450, 2463, 2475 Pivot Line: 2410 Bearish Line: 2397, 2376, 2357