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Technical analysis by Simba_Trading about Symbol PAXG on 7/4/2024

https://sahmeto.com/message/3305429
Simba_Trading
Simba_Trading
Rank: 13305
1.5
،Technical،Simba_Trading

We have been ranging on the higher time frame since April 2024 after we broke a decade long resistance and created an all time high. But what about now and coming week's?Technical→ We broke a trend line. → We keep respecting the support level at around 2290. Three times now.→ Monthly closed DOJI which is bearish signal but 3 & 6 Monthly closed in the green. Weekly is also green.Fundamentals → Friday NFPCheck investing.com or forexfactory.com to see the data release on your timeframe. → DXY is struggling to break resistance. Trade→ NFP is very important. I want to see how we close this week→ We need to confirm the trendline by closing above the previous daily high. If we do we can go to the next zone.Gold confirmed break out of the trend line with a strong bullish candle which even broke previous zone. Based on the charts biased is bullish on the short term. [image[We broke out as predicted in my analysis. Congrats to all buyers. Did you not profit the wave up? Here are new opportunities for you in scenario 1 and scenario 2 both looking for long play!. BE AWARE OF THE POTENTIAL GAP BECAUSE WHEN MARKET OPENS ESPECIALLY WITH ASSASINATION ATTEMPT TO TRUMP

Translated from: English
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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$2,343.83
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