Technical analysis by ajkhan30 about Symbol PAXG: Buy recommendation (3/16/2023)

After retracing to perfect Fib 38.20% and formed major support level at 1813-1814, the index resumed its bullish momentum and produced long bullish candlesticks. Going by its impulsive move in it is expected the price action will pause and retraced towards its nearest highlighted support level for cooling down. The price index is facing major resistance level in its way to continue its bullish movement. The strength of the resistance level can be gauged from the fact that after its last encounter the price was repelled from 1961 to 1805.