Technical analysis by thegoldhoarders about Symbol PAXG on 12/19/2023
https://sahmeto.com/message/3308496

thegoldhoarders
Rank: 11689
Analytical Power:
1.5

looks like gold might be poised for a short term trend reversal looking at the inverse head and shoulders pattern, however at this point i dont have any other technical or fundamental signals to lend weight to this analysis so im keeping a neutral bias for now. what i often do in these moments of uncertainty is set price alerts so whichever way price moves i can reassess the market, ive set alerts just below the right shoulder of the pattern at 2015 and another at 2055 incase of a strong move upwards which is what im hoping for.
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Signal Type: Neutral
Time Frame:
4 hoursPrice at Publish Time:
$2,024.8