Technical analysis by Bruno8899 about Symbol PAXG: Buy recommendation (12/10/2024)

Be optimistic and don't miss this long-term buying opportunity!Gold turned bullish on its 1D technical outlook (RSI = 57.544, MACD = -4.010, ADX = 27.147) following today's breakout over the 4H MA200. The most important aspect of this is that the 1W timeframe remains bullish (RSI = 61.387), which is highlighter by the fact that Gold is trading inside a Channel Up for more than 1 year (October 2nd 2023). This pattern looks very much like the Channel Up of the 2018-2020 Bull Cycle. The 1W RSI is rebound off the same level it did on the March 16th 2020 low. This indicates that the current levels is a buy opportunity we will most likely won't see again until the Cycles peaks. We are bullish, aiming for a similar +79.40% rise (TP = 3,200).t.me/+IWmCF31Uhd05ZWIx This is my channel. I can guarantee that you will get 300% profit within two weeks. If you are not satisfied, I will not charge you any fees. Similarly, if there is a loss, I will compensate you for all your losses. I hope we have the opportunity to cooperate! Click the link below to join us: t.me/+IWmCF31Uhd05ZWIx