Technical analysis by Anthony-Ryan about Symbol PAXG: Buy recommendation (11/16/2023)

Gold fell after the release of US PPI data. Gold rebounded slightly today, with gold prices currently trading around 1963. From a technical point of view, if the price of gold closes above 1968 per ounce, the price of gold may rise further. Gold is expected to break through to 2000 again If gold remains capped below 1968, this could trigger a pullback toward 1945 and 1934 (200-day moving average). Bulls are in a strong position. Overall bullish.1973 now. get 11 pipwaiting for 1985The first target was reached in 1985. The next target is 1992, 2000.If gold cannot break through 1992 within 2 hours, we can buy short at the high levelwaiting for 1992waiting for 20001975-1985