Technical analysis by PropSignals about Symbol PAXG: Buy recommendation (2/18/2024)

XAUUSD still Bullish **Monthly Chart** XAUUSD long-term bias is still high. Last month's candle closed as a bearish candle. However, it has a long wick on the downside. This confirms a continued move to the upside. XAUUSD looks bullish to me until it breaks 2000 level and below. While I am still looking for buying opportunity. **Weekly Chart** Last week XAUUSD started moving lower after testing monthly MC, then broke the previous weekly low only to pause around the previous demand zone. Long-term Bias is still Bullish on the Gold. However, there are also short-term counter-trend trades. **Daily Chart** Gold started Bullish after creating a Ring Low formation on a daily (Wed 14Feb) and gripped liquidity from the previous Imbalance Price Action (or Liquidity candle). Therefore, I am still bullish on XAUUSD and next target will be around 2060.