Technical analysis by Mongezi_Mayaba about Symbol PAXG: Buy recommendation (5/13/2023)

Gold started to takeout a Monthly High that it has traded under for 6+ years as a result of bullish uprally starting in 2018-19. This momentum has shown no signs of stopping despite evidence of a bearish presence within the market. What we can enticipate now is Gold retracing to the4HR low to gather liquidity and allow sellers to take profit and then rally up with strong momentum to take out the weekly resistance level, fill all these order gaps and take out the weekly high...I would enticipate this move to occur within the next two weeks.