Technical analysis by plmyers2 about Symbol PAXG: Buy recommendation (8/8/2023)

Simple play. There is a 4 hour gartley with an optimum price of 1902-1909 and change. That would setup for a double bottom structure on the daily TF, bullish divergence on MACD and RSI to boot. The next stop after that is a seasonal play (fall is notoriously bullish for gold), up to the 88.6% retrace from the last ATH to low to complete a hand-drawn bearish bat pattern around 2063 and change, which is confluent with an all time high from 3/8/22. Absolutely delicious setup brewing. This is a long swing-play, likely not to payout until late october or later.