Technical analysis by Daniel_Thompson about Symbol PAXG: Buy recommendation (11/15/2023)

XAUUSD Long Our pivot point is at 1965.40. Our preference: as long as 1965.40 is support look for 1982.30. Alternative scenario: below 1960.40, expect 1959.10 and 1955.30. Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Gold (CME) (Z3) is above its 20 and 50 period moving average (respectively at 1967.80 and 1960.30).