Technical analysis by chestephens1 about Symbol PAXG: Buy recommendation (1/9/2022)

Last week we were able to test the lows of 1783. We ended the year above 1800 only to dip the first week of 2022 possibly creating a makeshift bottom for the month. I anticipate gold to swing higher to test minimum 1801-1804 levels and if volume permitting to rolling into 1810+. If you look to the left my fixed range volume profile has the POC tapped from NFP and looking to swing to its highest up volume area of 1802-1808. NFP on 1/7/22 did not provide the fuel for a real gold move. Weak DXY failing 96.4 gives me confidence it wants to test 95 flat or high 94 levels as the US gov struggles to pull the cord + potential tech market crash. MA 200 is at 1794 on 4HR (which it fully closed above) MA 200 is at 1800 on Daily My entries: 1790.5 1796.7 buy stop @ 1798 Move is invalid if 4HR close under 1785 support zone. IF FAIL NEXT LEVEL IS RED 1760S and lower to 1730s