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Technical analysis by Abu_Hamdan about Symbol PAXG: Buy recommendation (6/4/2022)

https://sahmeto.com/message/2656809
Abu_Hamdan
Abu_Hamdan
Rank: 11366
1.5
Buy،Technical،Abu_Hamdan

Hi everyone ,, this is how i see GOLD this week ...Last week we had 2 positive signs ...1-- we had a break of structure with a higher high ...2-- we had a broken corrective channel ...Right now the price is around a strong support level along with 0,61 fib ...The price reacted very well with this area and formed a reversel candle on the 4h time frame...So most likely we are going up again to the next sell area around 1900...Everything explained on the chart along with a simple forecast to possible scenarios ...If you like the idea give it a thumbes up , and follow for more ...Trade safely 🤍🤍

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$1,855.13
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