Technical analysis by Alimecht about Symbol PAXG on 2/13/2024

XAU is in Trading Range after a swing (Bull Leg) to upside. It has been now for 40 bars in Trading Range (2010$-2060$). It will Break Out of this Trading Range and is going to swing for a Measured Move. Probability of breakout and a swing to upside or downside is now 50/50, so we need to wait for breakout of Trading Range.