Technical analysis by GoatOfWallStreet about Symbol PAXG: Buy recommendation (9/27/2022)

Gold is respecting the current down channel and will most likely visit the lower end of the channel by the year end.A short lived relief rally is ahead of us.My plan is to gradually average down.Calling a bottom is stupid but the technicals point to 1450 as the worst case scenario and 1550 as a likely bottom.One thing is for sure.... paper gold is holding the real gold down.... as long as those paper shorts are flooding the market we are getting REKT :)