Technical analysis by Aladdin_magic_lamp about Symbol PAXG: Buy recommendation (1/3/2024)

Gold news analysis: In the Asian market on Wednesday (January 3), gold prices traded near $2059 / ounce, the first trading day in 2024, spot gold continued to rise, the market is paying close attention to this week's Federal Reserve meeting minutes and the release of non-agricultural reports, before this, gold prices are expected to remain volatile. Gold's gains on Tuesday were supported by the prospect of a Federal Reserve rate cut in 2024, ahead of a slew of important economic data this week, including European inflation data, U.S. job openings and nonfarm payrolls. The data will help shape market expectations for future monetary policy moves by the Federal Reserve and the European Central Bank. Looking ahead to 2024, gold seems poised for another strong January as the market develops. First, the Fed is on hold, and the central bank is widely expected to start cutting rates next year. This will effectively curb upward pressure on the dollar, and in fact, the dollar is likely to depreciate significantly as the New Year begins, thus removing the main headwind factor for gold. In addition, the strong performance of the Chinese gold market is also worth watching. This could mean a further increase in gold demand in the Chinese market during the New Year. While Fed officials have tried to calm market expectations of rate cuts, gold prices have shown a steady upward trend since the Fed effectively bowed to inflationary pressures. In summary, if the historical trend continues, gold is expected to continue to rise in the first month of 2024. For investors, this is undoubtedly a good time to buy gold. Gold technical analysis: From the current disk point of view, the gold daily line is still the state of the upward divergence of bulls, the main structure is still bullish, and it is reasonable to have a certain space repair after a continuous rise, focusing on the support test near the 10-day moving average 2057, if the adjustment does not break this position at the beginning of the week, then the main structure trend of gold is still strong. Technically, the maximum allowable retracement is near the previous trading intensive point 2050, and if the time is prolonged, the 20-day moving average may also rise to this point, so 2050 is regarded as the maximum spatial range of short-term retracement. If 2050 is lost, the overall structure of gold may still retain bullish expectations, but the short-term trend is bound to be greatly affected. If 2050 holds, then this Friday's non-farm data will have a greater point of view, and there will not be much room for recovery at the beginning of the week. Gold 4 hours chart retracement after a wave of Yang rebound, Brindau began to close, into the New Year. The short line structure has shrunk. The space may be slightly convergent, and the structure is also in the long-short conversion, looking strong is not strong, and looking back is not weak. At present, although the strength of the backpumping is relatively strong, the peak shape has not appeared, and the high probability is also high volatility. At present, the daily high two Yin fall, for the time being can not determine whether last Thursday 2088 twice reverse pumping peak, so today is very critical. In summary, gold today's operational ideas suggest to rebound high altitude, back to the low is more than supplemented, above the short-term focus on 2070-2075 resistance, below the short-term focus on 2050-2045 support.Trade active: GOLD2061-2063sell tp2048-2045 SL2070Trade active: 2045 DoneTrade active: With the rapid decline of gold gold sold gold made a huge profit, congratulations to youTrade active: Need more trading signals can follow meTrade active: 2045-2048 sell tp2035-2030 SL2050Trade active: We sell gold today in 2063 and 2060 in a row, they hit our target 2045, then gold rises to 2048, we continue to inform to sell, and eventually they approach our target 2035, if you use 1 lot trade size, then your profit today is at least $5000. As I said, all my trading signals are 100% accurate this week, and I'm going to know how they work, and I hope that no one who follows me is buying gold, and if you have a buy order that is locked you can contact me and maybe I can help you recover your lossesTrade active: We can close all sell orders at 2032 and buy gold. 2032buy tp2040-2045 sl2028Trade active: Buy orders for 2032 have once again reached our target of 2045, and today our trading signal gives us a profit of at least $40-50Trade active: Have you ever seen such a crazy deal? Have you ever made so much profit in one day? My $5k account in the course of these transactions has now become $22,000Trade active: 2045-2047 can continue to sell target 2035 stop loss 2050Trade active: All of our selling orders can be closed in 2035, so we will not announce the next trading signals here. People who follow me today should also get a very huge profit, keep this part of the profit, and if you are interested in the next signals, you can contact meTrade active: All of our selling orders can be closed in 2035, so we will not announce the next trading signals here. People who follow me today should also get a very huge profit, keep this part of the profit, and if you are interested in the next signals, you can contact meTrade active: Perfect trading signalTrade active: It's pretty clear what's going to happen with gold that all we need to do is make the profit infinitely biggerTrade active: If you had been trading around the 2030-2040 range then you would have made a huge profitTrade active: The price once again comes to 2042, then we can continue to sell the target 2035-2032 sl2044 here, you only need to set a small stop loss to get the maximum profit with the minimum risk, today our profit has reached more than 200%Trade active: The order of 2042 can be closed in 2042 now, because the stop loss of 2044 will be touched with a high probability, so there is no need to continue to hold, waiting for the next trading opportunity, I even do not want to have a lossTrade active: There is a 100% win trading signal today. Profit should be at least $20-30. You can follow me if you wantTrade active: There is a 100% win trading signal today. Profit should be at least $20-30. You can follow me if you wantTrade active: There are a lot of important data today that will cause the price of gold to move a lot, but I will still know how they work and if you want to make 100% profit, you can follow meTrade active: GOLD2048sell tp2040-2038 SL2051Trade active: Gold is not going to move much ahead of the data release. We can take profits by scalping, setting small stop losses and making big profitsTrade active: It is expected that gold will rise and then fall today, so we first bought and then sold today, this is the current plan, we need to wait for the release of the data before deciding whether to change our plan. At present, the price of gold is quoted in 2045 to sell the order of part of the profit we can grasp, here there is a delay in the notice, so pay attention to protect their profitsTrade active: Obviously our judgment was accurate, I expected gold to rise and fall today, so we bought gold today at 2041 and then closed at 2048, then sold gold at 2048 and then closed at 2045, now we have a good profit, next we need to wait for the release of news data to decide whether to change the latest plan.Trade active: GOLD2047-2048sell tp2035-2030 SL2052Trade active: Gold rose and fell exactly as we expected today, we bought today at 2041, then closed at 2048, then sold at 2048, they are currently moving towards our target of 2035. You can see that I said that gold prices would rise and then fall todayTrade active: Gold is rapidly falling close to our target currently quoted at 2036Trade active: Gold has once again hit the level where we first sold. Can we sell more now? We got all the signals right this week and won 100%Trade active: Gold has once again hit the level where we first sold. Can we sell more now? We got all the signals right this week and won 100%Trade active: 2047 Again sell orders continue to profit at the current quote 2041Trade active: All of my trading signals this week have been profitable, 100% accurate, with a profit of at least 400% above, want to keep up with the signals of the last trading day on Friday can follow meTrade active: All of my trading signals this week have been profitable, 100% accurate, with a profit of at least 400% above, want to keep up with the signals of the last trading day on Friday can follow meTrade active: All of my trading signals this week have been profitable, 100% accurate, at least 400% more profitable if you want to follow the last day of trading signals you can follow meTrade active: All of my trading signals this week have been profitable, 100% accurate, at least 400% more profitable if you want to follow the last day of trading signals you can follow meTrade active: Today gold is expected to fall first and then rise. It is expected that there will be a substantial recovery today, but there is a key support position that cannot be broken, otherwise gold will fall rapidly. Today gold reaches 2047 again. The position we prompted to sell yesterday is today. We still choose to continue selling gold here and currently have a good profit, but this is only a small part of the profit, only ten dollars. Next is the time to really start making crazy profits.Trade active: Today gold is expected to fall first and then rise. It is expected that there will be a substantial recovery today, but there is a key support position that cannot be broken, otherwise gold will fall rapidly. Today gold reaches 2047 again. The position we prompted to sell yesterday is today. We still choose to continue selling gold here and currently have a good profit, but this is only a small part of the profit, only ten dollars. Next is the time to really start making crazy profits.Trade active: GOLD2037buy tp2055-2060-2065 SL2029Trade active: If 2036 is breached then gold will move towards 2015Trade active: Any subsequent rally can sell gold and we can continue to sell gold in the current 2032-2035 rangeTrade active: 2040-2041Sell tp2020-2015 sl2048Trade active: 2045 Continue to sell targets 2020-2015, break through the high 2049 all closedTrade active: Although the profit of this week is 400%, today is the last trading day, I think my performance is not good enough. The rapid rise and fall of gold may really benefit those who do not set a stop loss, and those who set a stop loss like me are doomed to be eliminated, but I must control the risk in this way. I know very well that I can make a lot of money steadily, and the account will never be in a state of burning down, which is what the users I work with know, and they see their account growing every week, which is why I am happy. It doesn't matter that next week we will continue to make more profits and I believe that because we are making miracles every week, have a great weekend and I will see you next week.Trade active: Our prediction was originally accurate to fall first and then rise, but I predicted that their decline position would be in 2030. Obviously their decline exceeded my expectations, so we had to modify the strategy, but now it seems that they are indeed in line with my idea and will fall first. It then rose and hit 2047 again, but unfortunately we did not capture all the profits. We were busy today in vain. The profits from 2047-2032 were lost in the subsequent selling process. But this is obviously an emergency. It almost never works like this. He exceeded our expectations, but we just calculated our profit this week is still more than 400%.Trade active: 2063sell tp2050 sl2065Trade active: Orders sold in 2064 can be closed in 2053Trade active: 2063-2050 DoneTrade active: Orders sold in 2063 can be closed in 2043Trade active: It's gonna be a perfect week no matter what, you knowTrade active: It's gonna be a perfect week no matter what, you know