Technical analysis by Niko13821 about Symbol PAXG: Buy recommendation (2/1/2025)

We probably will see a retracement to 50% fibs before getting back to the ATH.With US ISM Manufacturing PMI on Feb 3 we may have an indice above the forecast of 49.3 that may enforce the retracement to around 2760$. If 2760$ holds and prove a strengh in long position it could be a confirmation of this scenario.On the other hand if Manufacturing PMI goes less than forecast we maybe have a bounce on the 38.2 Fib around 2780 $ to reach the 2850 Target. XAUUSD