Technical analysis by PalenTrade about Symbol PAXG: Buy recommendation (9/19/2023)

It seems that GOLD might have made its low. -Price turned 200EMA back to support (red moving average) -Showing rising demand on the three lows I marked, and last one is the highest (rising demand). -RSI break? (White arrow) When/If this lower high is broken then the price structure changes from lower highs to first time making higher high since may. Which gives me more conviction for a trend change. (ofc price has to stay on top of this level for keeping this valid) The higher low break on 200EMA works as stop loss for me I have around 2.5% of my net worth on Gold/Silver. I'm planning to make it bigger cause Gold will possibly run around 2.5k-3.5 in 2-3 years, and silver $50-$100 Good investment for years to come as quantitive easing etc will keep going harder than ever.. Check out my june BTC Dominance analysis here which hit spot on! :) ETH -16%, BNB -30%, ADA -33% against BTC since that call If you are starting out trading "post about great mentors I follow and respect" here 1st mistake novice traders do is that they don't use stop losses, doesn't calculate their RIsk/Rewards and gets their ass burned cause of that. Always use them! -PalenTrade