Technical analysis by MAH888 about Symbol PAXG: Buy recommendation (10/8/2023)

Last week we saw very impulsive move yet it seem like incomplete 5 waves. So this week, I'm expect gold will make corrective move as we have bullish engulfing on H4 and will perform W4 before continuing to go down again to complete the 5th cycle next week.Gold reached the projected price earlier. So for now, we are waiting for the initial sign of reversal before entering short.