Technical analysis by MR_gold2 about Symbol PAXG on 19 hour ago

I mentioned to you yesterday in the live broadcast that the federal has three options First, install the interest, and this is very negative for gold Secondly, reduce the interest of 25 points, and this is also almost negative Because items were expected to reduce 25 points from 3400 regions, and this is a rise that was caused by this and expected I reminded you with the news that will touch gold 3700 regions And it falls with the journalist's meeting with the height Third, there was a dangerous option that usually reduced interest If you got a golden Tar for 3800 regions 1. Technical Analysis • The current price is at 3,657 after a decline from approximately 3,700. • There is a FVG (Fair Value Gap) area of ​​3,680 - 3,700 has not been closed, making it strong resistance. • At the bottom of the price, there is a strong request (support) area between 3,620 - 3,635. • 2. Elliott <0) • The last movement may be a corrective C wave after the completion of A and B. • In the event of continued landing, we may see an extension of a down wave targeting 3,620. • The reversal of support 3,620-3,635 may constitute the beginning of a new emerging wave if respected. 3. Time cycle • Time behavior indicates that the next two days are important to determine the weekly direction: Close the day below 3,650 reinforcing the landing around 3,620. • A daily closure above 3,680 re -gold to test 3,700-3,710. 4. Daily Pivot Point: 3,670. Support levels: 3,645 - 3,635 - 3,620. Resistance levels: 3,680 - 3,695 - 3,710. 5. Price Action • We notice the upper swallowing candles at 3,690 → confirmation of sale pressure. • The price is unable to return above 3,670 → Confirm the strength of the sellers. • In the event of the formation of PIN Bar purchasing at 3,635-3,620 → a strong purchase signal. 6. Axial areas and installation points • Axial area: 3,670. • And steadfastness below the daily installation point: 3,650 → Important monitoring, the fracture is the lowest = landing, steadfastness the above = analyst Engineer Ehab Sayed Gold channel