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Technical analysis by Swastik24 about Symbol PAXG: Buy recommendation (3/10/2022)

https://sahmeto.com/message/2662812
Swastik24
Swastik24
Rank: 8782
1.6
Buy،Technical،Swastik24

Gold last leg up.Two scenarios are likely to happen:(i) Expanded Flat Correction shown in red.(ii) Zigzag correction shown in white.In my opinion expanded flat correction is more likely to happen logicallywhen stocks indices are expected to make a lower low and technicallythe Daily TF trendline hasn't broken yet which confirms overall uptrend.Max upside should be 2100-2105$There is another scenario which also confirms similar results.For those who are thinking gold will reach 2500$, a grand salute to you.Not an investment advice, DYOR before trading or investing.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$1,990.99
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