Technical analysis by WolvesOkami about Symbol PAXG: Buy recommendation (1/27/2023)

"Gold" My Precious! Federals rates is keep rising, inflation keep holding on a strong level, people are now shifting into a recession proof assets which is metal like gold, so whats next to economy once we see a strong gold accumulation? it seems US Economy is already hitting up into blown off were recession could trigger, in this scenario we can see some cash is moving into gold for safe keeping and everyone is expecting some good profit in this precious metal. on our Elliot Wave theory we can see gold is in Big Cup and Handle Monthly charts and expecting in the next few months to make a new high were the price could hit $2k+ $2.5k to $3k. "takenote this is monthly chart" so it will be a long run before it hits the top, possible until 2024? we dont know your guess is my guess too, good luck and were going to check this soon if we make new high for gold. thank you