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 andproduced long bullish candlesticks.Going by its impulsive move in it is expected the price action willpause and retraced towards its nearest highlighted support level for cooling down.The price index is facing major resistance level in its way to continueits bullish movement. The strength of the resistance level can be gauged from the fact thatafter its last encounter the price was repelled from 1961 to 1805.