Technical analysis by heleboy about Symbol PAXG: Buy recommendation (12/5/2023)

#XAUUSD pulled back after a rapid rise in 1-2 days. Volatility was expected to increase before the FED meeting. However, as you can see in the chart, this movement is very similar to the confirmation movement. It looks like a preliminary preparation for a higher movement. I evaluate that the meeting will achieve permanent progress in achieving the goals in the chart. It may present a new buying opportunity. YTD.