Technical analysis by UnderstandForex about Symbol PAXG: Buy recommendation (5/16/2024)

We are looking for a BUY on XAUUSD tonight. There might be two scenarios that play out, we are prepared for either. First scenario is what we charted. Second is below. Second Scenario: Important prices tonight: - 2378.55 - 2366.57 🧠 Helpful Tip: Remember to keep your stops small and profits large.Looks to be heading towards the downside initially. Lets wait with our positions and enjoy some profit when it hits 2366.57 - Keep a close eye on the rejection from 2378.55 as this could be a buy opportunity.Heading for it now. Sit back and relax. [img] [/img]