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

XAUUSD | Attract safe haven flows The XAUUSD market will continue to attract safe haven flows due to the Israel-Hamas conflict. World gold price stood at 1,940 USD/ounce, a sharp increase of 25 USD/ounce compared to the same hour yesterday morning. The conflict in the Middle East between Israel and Hamas is hotter than ever and could spread and shock the world. This area is a source of supply and an extremely important energy transport route. Some forecasts say that the conflict between Israel and Hamas could disrupt the world economy and even cause the world economy to fall into recession if more countries participate in this conflict. Geopolitical uncertainties continue to be factors driving gold's rise. Currently, investors are looking forward to the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the comments. Recent dovish comments from some Fed officials. The XAUUSD market will continue to attract safe haven flows due to the Israel-Hamas conflict. It is forecasted that gold will fluctuate in the range of 1,900 USD/ounce until there is some ceasefire or the conflict subsides.Comment: 🕯 SELL GOLD |  1948 - 1946 🔴 SL: 1952 🟢 TP1: 1941 🟢 TP2: 1936Trade active: Running + 25pips ✔️✔️✔️