Technical analysis by ChilhoodTraders about Symbol PAXG on 4/20/2024

As Gold has reached its all time high, and still in Bullish trend. We are likely to see it more bullish. Buying Scenario: 1- As Weekly candle Closed bullish breaking Resistance. 2- Impulse Buying can be expected above 2400 closing. Selling Scenario: 1-In Smaller TF, Rejecting from the 2395. 2- Fib Retracement from previous Swing low, Sell Side Liquidity, and Trendline. These major confluences can bring Gold down towards 2373. Good Buying opportunity from 2373-2375. Note: Manage risk according to our Account size and always put Stoploss