Technical analysis by wasiu2015 about Symbol PAXG: Buy recommendation (12/7/2023)

Gold price hovers around the EMA50, waiting to get positive momentum that assist to push the price to resume the expected bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that our next target is located at 2075.25 Holding above 2010.00 is important to continue the expected rise, as breaking it represents negative factor that will push the price to start bearish correction for the bullish wave that started from 1810.35 areas. The expected trading range for today is between 2015.00 support and 2050.00 resistance The expected trend for today: Bullish