Technical analysis by ArmanShabanTrading about Symbol PAXG: Buy recommendation (21 hour ago)

ArmanShabanTrading
XAU/USD | Gold Near Previous ATH, Next Breakout in Focus!

By analyzing the #Gold chart on the 4 hour timeframe, we can see that price moved exactly as expected and continued higher. Gold successfully hit the $4351 and $4359 targets and even pushed up to $4375. Based on the main analysis, the next key target is a new all time high above $4382. Since gold has reached the very strong supply area around the previous ATH, the pullback we are seeing now is normal and has brought price back to around $4359. I expect a small correction first, followed by another bullish move and a fresh high. Targets above $4400 are clearly not out of reach. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban The Related Analysis :