Technical analysis by RioNguyenCFD about Symbol PAXG: Buy recommendation (9/28/2023)

Do you think GOLD will go up or down today with the Nonfarm news?In the Asian and European sessions, gold will still have a sideways range, but the range will be smaller than yesterday.The price reaction will be from the 2916-2919 area down to 2900. And it's likely that today's Nonfarm news will be a liquidity sweep of buy orders to the 38.2% Fibonacci level, which is the 2970-2980 price range-In summary, this analysis predicts that:+ Before the Nonfarm news is released, the price of gold may trade within a narrow range.+When the Nonfarm news is released, there is a possibility that the price of gold will make a temporary sharp move up to around 2970-2980 to "sweep liquidity" from buy orders, before potentially reversing downward.