Technical analysis by EG-FOREX about Symbol PAXG on 17 hour ago

Gold is still within a volatile scope Gold prices increased during instant trading to record the level of $ 3674.80, which is the upper limit of the target range between 3600 and 3673 dollars. This rise came on Tuesday, September 9, and this rise was indicated in September 1 analyzes. Fifth waves are usually strong in precious metals, which enhances upscale expectations, and analyzes indicate that the top channel for the third wave passes the range of 3775--3803 dollars during the next two weeks. At the level of $ 3778, the fifth wave will equate the first wave, which is the most common pattern in impulsive movements. 2️⃣ An alternative scenario: If the fourth wave took the form of a traditional triangle ending on July 30, the registered summit on Tuesday may represent the third wave 3 of the fifth wave 5, after which a short -term decline (the fourth wave 4) is expected about 3592 followed by a new rise (the fifth wave 5) towards the mentioned goals.