Technical analysis by i2vi2v about Symbol PAXG: Buy recommendation (1/14/2024)

#XAUUSD Quick analysis of gold price trends next week!Closing the candle on last Friday was a strong bullish candle. I think, next week I think gold price can recover. So, how far will the price of gold increase? Quickly analyzing the H4 time frame, using the price action method I see: The most important keylevel of the downtrend is: 2077-2079. If the price of gold increases, it can increase to that keylevel (which is where the downward wave begins). Here, there will be 2 scenarios as follows: 1/ If the gold price breaks through the 2077-2079 zone, the downtrend MAY end. I use the word maybe, not certainly. And a new increasing cycle can begin. 2/ If gold price cannot break the 2077-2079 zone, the downtrend of gold will continue. Therefore, it can be said that 2077-2079 is the most important key next week. I will observe price action in this area. Some buying/selling areas may need attention next week Buy: 1/ 2039-2041 2/ 2032-2034 Sell: 2062-2065 I will update detailed plans on weekdays!If you like my analysis please give me a like and join me.