Technical analysis by FlamyBunny about Symbol PAXG: Buy recommendation (1/4/2024)

XAUUSD BUY Entry 2041.46 TP 2066.87 SL 2034.76 Reason. Gold has been fundemntally bullish as fed has no intentions to futher raise interest rates. DXY just raided BSL and is showing signs of heading lower. Gold on the Weekly Timeframe has recently rejected off the 50% level. Daily consistently showing new highs and lows and tapped into the daily Order block. 15min showing a Choch after a raid of previous SSL. setting my entry at the 15 min orderblock. Currently demanding more from price as NFP is tomorrow.