Technical analysis by sherrynjoto about Symbol PAXG on 7/13/2022

XAUUSD - H4As you can see, Gold is potentially forming a bullish divergence in the H4. Predicting that Gold is going to meet the daily classic support at 1680. Confluences:-1. False break from the zone2. Potential to form a bullish divergence3. Potential to chase the fibonacci cluster area4. Sell zone aligns with the fibonacci cluster area.STRATEGY1. BUY (COUNTER TREND)2. SELL AT THE PURPLE ZONEEXPECTED DOWNSIDE TARGET HAS BEEN REACHED.