Technical analysis by FPIPS about Symbol PAXG: Buy recommendation (8/7/2023)

XAUUSD has broken out of falling wedge and made a new higher high along with bullish RSI divergence on Hourly Time Frame. Price has retraced back for better entry. SL is below last lower low as indicated on the chart R:R is 1 for TP1 and 2 for TP2.