Technical analysis by mralkhateeb about Symbol PAXG on 5/13/2024

It is possible that we will see a new peak for gold this week between 2450 - 2460, but it is now clear that it is going through a corrective period on the medium frames, where it is expected to fall to levels 2344 - 2340 as the first level 2312 - 2308 Second level 2300 - 2290 Third level Therefore, buying from the second level is possible, but stopping the loss below the 2290 level will be a bit far and contains a lot of risk, so the best areas to buy are from the 2300 - 2290 level with targets of 2430.