Technical analysis by Camellia-TF about Symbol PAXG: Buy recommendation (12/16/2023)

It's great to chat with you today! Let's take a look at the market: the signals from the US Federal Reserve suggest that interest rates will decrease in the near future, benefiting the price of gold and creating strong momentum for it. This indicates that prices will reach record highs in the new year. As a result, weak economic growth and financial market instability may cause many consumers to leave the market in a high-price environment. Therefore, those who hold gold may increase their purchasing power and make gold even hotter than ever. For these reasons, along with the reinforcement of stability trends over a one-day time frame, it can be argued that prices may continue to rise. However, it is necessary to consider upcoming news events to determine the best course of action for day traders. Some upcoming fluctuations may lead investors to take profits earlier. It is expected that this price increase could reach $2,217 unless any significant breakthrough occurs. Thank you for reading my article!Trade activeComment: Gold tested as expected. What happens next now?Comment: profit 240 pip from the selling areaComment: