Technical analysis by PipsEarner about Symbol PAXG: Buy recommendation (10/18/2023)

Gold has been abiding a downside channel quiet strongly since early May of the year. However the pair was fueled to make constant higher highs since the beginning of October and that channel was recently violated when the pair broke structure resistance at 1910.000 to find support and is now heading towards 1950.000 which indicates the next possible resistance level.Trade is active and we've hit our Target Profit at 1950.000. Price will test this zone for support to pave way for a follow through up to 1980.000 which will be our next Target Profit.1980.000 Target Profit has been hit. Price has strong momentum to carry on towards 2000.000. Trade still active.