Technical analysis by gunhy about Symbol PAXG: Buy recommendation (9/23/2024)

Within 1 hour of London open, all Asian session gains were erased. Most traders would have entered @ 2618 with SL below the support zone and get stop hunted. Now we see a RSI divergence as well as an engulfing candle which might indicate a reversal to the upside following the stop hunt. Good risk reward of 1:3Another engulfing candle is printing. This time engulfing 4 consolidation candles.