Technical analysis by hariz505 about Symbol PAXG: Buy recommendation (10/16/2024)

-if no new fvg(displacement/momentum) created on H1, price might retrace deeper into lower H4 bullish Fvg.- gold recently trade into daily shortterm high, deeper retracement is expected but price should not break and closed below H4 Shortterm low. H4 shortterm low liquidity sweep (H4 create long wick below shortterm low) is allowed as one of the possibility. -Last line of defence for this week bullishness is the H4 shortterm low which shouldn't have price closed below it.-there's unemployment claims high impact news 8.30 am NY time, so high volatility movement should be expected during new york session.>predict the possible move on h1 or h4 and react to what price created. Disclaimer: this is not financial advice. I am not licenced financial advisor.