Technical analysis by ChilhoodTraders about Symbol PAXG on 3/3/2023

PATTERN FORMATION XAUUSD is making Inverse Head & Shoulder Pattern on 4H Timeframe. Gold should drop to 1831 level and make a wick at 1825 in order to make Right Shoulder, And will bounce back to 1848 area to complete its pattern. REJECTION Rejection at 1848 RESISTANCE Resistance at 1848 SUPPORT Weak Support at 1837 Strong Support at 1831 TRADE SETUP Selling below 1825 (if pattern doesn't form) Buying Trend above 1848 (if pattern doesn't form) TP1 200MA TP2 Resistance at 1890 NOTE: Take Trade on CONFIRMATIONS Manage Risk accordingly DYOR