Technical analysis by Machine-trader about Symbol PAXG on 6/17/2024

Hi Trading last week, we noticed that inflation indicators in the United States showed signs of calm.-The consumer price index decreased on Wednesday from 3.45 to 3.3 percent-The product price index decreased-0.2%. The inflation indicators decreased while economic indicators were negative-with the high unemployment rate and the rate of requests for unemployment benefits, this shows that the monetary policy adopts the Federal Reserve Bank It actually works to reduce inflation, specifically consumer price index and production costs, while also reflecting the negative economic impact of this policy. This book. This requires that the Federal Reserve starts to reduce monetary policy in the future close to the D1- We see that the correction has completed the wa wave and the wa wave continues from the wave 4.- We can measure the target of the C wave in the two areas of 2256 and 2210 regions. New. Look at the H1-penetration of the price of 2323 and this area is tested again. Looking at the reverse momentum in the extra area, it is likely that the price has successfully tested and continues to rise to the target areas of the wa wave above .- Yesterday we measured the targeted wave C, which is two regions 2354 and 2360.-The target area of ​​the C. 2210.- We also have an area that denies this wave counting process when the price exceeds the area of ​​2388, then entered the price in an upward direction and we have to change our trading strategy at that time in the first day of trading day, we gave huge profits through internal signals, if you want to join, please do not hesitate to communicate with me!