Technical analysis by SamuelForexTrader about Symbol PAXG: Buy recommendation (2/22/2024)

No rate cut from the Fed = USD bullish for sometime Strong USD make gold weak Overall the gold market is bullish on the long run. I expect a market manipulation around 2038-2049 area = resistance trend linethat will make the market look very bullish, so they will fooled everyone with a bearish Momentum. I expect xauusd to go around 1985 - 1975 or maybe lower. Then we go to all time highI expect the price to go at 2047.5 areaWhy ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)