Technical analysis by Cha-Zee-ZESA about Symbol PAXG: Buy recommendation (8/20/2024)
https://sahmeto.com/message/2709472

Cha-Zee-ZESA
Rank: 24859
Analytical Power:
1.4

The lower resistance line of the ascending channel for XAUUSD GOLD has just been breached for the first time since the channel's establishment nearly 4hrs ago. Though still a bull market today,I think the price awaits NY session traders to pull it further upwards. I predicted today's high for Friday in the linked idea but now seems I underestimated the price velocity and momentum this week had. A lot of headroom for buyers today with current 1st resistance at $2,520. $2,550 is doable. NEXT PSYCHOLOGICAL LEVEL/BARRIER IS $2,750.Funny thing is I thought I was mad when I considered September-2024 Gold Call options for $2,650. I confirmed I was mad by ignoring them back then.
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Signal Type: Buy
Time Frame:
15 minutesPrice at Publish Time:
$2,516.15