Technical analysis by Zenoh about Symbol PAXG: Buy recommendation (3/8/2023)

HELLO TRADERS Before we talk about XAUUSD lets first take a look at the dollar index DXY DXY was strongly bullish yesterday and currently testing resistance @ 105.8, after such a strong bull run we expect correction to the previous support lower @ 104.75and as we know bearish dollar (DXY) indicates bullish XAUUSD (see chart below)now back to XAUUSD which dropped off a cliff yesterday to test a previous support @ 1810we will be monitoring the price action @ this level in LTF for a possible signs of continuation higher targeting 1830BREAK BELOW 1795 WILL INVALIDATE THIS IDEA IF YOU FIND THIS ANALYSIS VALUABLE BOOST IT TO REACH MORE TRADERS GOOD LUCK