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 Resistance Fundamentals Are Good For Gold War 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