Technical analysis by Mr_Scalper_117 about Symbol PAXG on 8/18/2024

Mr_Scalper_117

Last Friday Gold Make The History Again By Making New ATH And That The Psychology Level Of 2500, And All The Way Up To 2509.8 Marking As New ATH (For Now) By Closing Above 2500 Weekly/Daily And 4H Candles Strongly.What drives Gold Now ?No Any Good ResistanceFundamentals Are Good For GoldWar Is Still Going On But As My Simple Elliot Wave Annualize Gold Has Make A Ending Diagonal Pattern Here. Ending Diagonal Is Indicating A Reversal Sing Of Gold If Follow Technicals. But Have A Doubt About That Because Of The Behavior Of The Gold Is So High Demand As Same Time. If The Diagonal Break Is Solid Gold Can Again Make A Motive Until Price Reach 2650.Will See On Next Week What Will Happen.Wait For More Update2530 Almost TouchedExpecting Gold Will Fall Back To 2502 At leastTP 1 HIT 220 Pips Done Holding Higher One With BEMainly I Have Focused On 2480 But Gold Make the SurpriseGold Is Still On Uptrend If Today Candle Close Above The Upper Trendline There's A High Probability To Reach 2650 Again Easley