Technical analysis by xAB777 about Symbol PAXG: Buy recommendation (1/16/2024)

since last week gold had a very indecisive and unclear price action the overall direction was unclear but since geopolitical situation is getting serious and serious i think we should be looking at the bullish direction. i have found a pretty good scenario with a good entry if a bullish move occurs . First the price reached a daily keylevel and fibbonacci golden zone level then the last 4H candle closed as a doji hammer indicating strength of buyers on lower tfs we can find a formation of an inverted head and shoulder + rsi divergence. i guess the break of the neckline could trigger a bullish continuation towards the 2050s.