Technical analysis by mralkhateeb about Symbol PAXG on 5/20/2024

Last week, we expected a new peak for gold and we succeeded in that, but we expected the decline to continue to more levels before rising to this peak, but we did not succeed in that. Gold is now at a new peak, so a corrective decline is expected Therefore, we prefer cautious selling over buying from its current levels until 2393 is a reasonable plot while maintaining strict capital management. The movement of gold will not become clear with certainty whether it will continue upward or continue to correct now, and it is best to wait for what the chart will turn out to be at the 2393 levels.