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Technical analysis by CyberFxTrader about Symbol PAXG on 12/9/2023

https://sahmeto.com/message/3332410
CyberFxTrader
CyberFxTrader
Rank: 10807
1.5
،Technical،CyberFxTrader

I haven't posted a lot, but I just felt like posting this move, because it's such a big potential here. It is pretty clearly a remarkably and strong resistance zone which has been shown to have big reactions to, within these 3 and a half years. It is finally trying to break above, it seems. So my guess here is that it'll go at least 4500 pips above since it seems reasonable to just add the time it spent forming the resistance zone and adding that length above. It's a big pull, and it might just become one of the most volatile moves in the history of XAUUSD.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 month
Price at Publish Time:
$2,003.57
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