PAXGUSD may dip near 1960.00 during 2023-05, then increase by 2023-07.
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1D
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2h with 1h top indicator
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2h highlighted curves
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1D with 1W top indicator
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dip in progress as expected
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1h
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1h
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Risks of the on-set of a recession near 2024-01 or 2025-01 (if it's running later or if more time is bought) can keep gold prices higher than today's price. When combined with inflation risks, gold is set for higher levels. However, there may be a natural mild dip like the one we are in now, followed by much higher levels through (perhaps) 2026-01.
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Risks of the on-set of a recession near 2024-01 or 2025-01 (if it's running later or if more time is bought) can keep gold prices higher than today's price. When combined with inflation risks, gold is set for higher levels. However, there may be a natural mild dip like the one we are in now, followed by much higher levels through (perhaps) 2026-01
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$1960 to $1966 zone was predicted 100% , followed by an increase. The current increase is the upward wave pattern after the natural (healthy) tiny dip near $1960.
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2h chart with 1h top indicator:
The indicators and chart pattern reflects further increase from the $1960 zone.
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1w view with resistance mapped in red at base
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$1947.00 PAXG price is very attractive right now. I'm going to be accumulating more soon.
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This bottom that is still shaping may be one of the last bottoms before the next official recession. Possible accumulation entries may be limited. I expect some more entries, however there's never that guarantee that there will be more before the next recession.
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The last time the sell volume on the 1 hour was this high and red, there was a bottom. Click play and note 2023-02-13.
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$1933 PAXG price is very attractive for long-term accumulation, but it still possible to see a little lower to finish shaping this transitory dip's bottom.
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Reminder: increase by 2023-07; meaning this bottom may shape in 2023-06 before 2023-07.
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I agree with @melikatrader94 for this excellent Gold analysis as I expect higher Gold prices by 2023-07:
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increasing in July as predicted
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2023-08 may dip a little lower. However, by the end of 2023 or 2024-06, it can reach as high as $2200
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Still in predicted zones. Around 2024-01-01 to 2024-04-04, there will be a 7 day flash dip. Then it will turn bull again. This is one of many reasons why there was a mild decline in Q3 & Q4 of 2023.
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still in range
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still in range.
$1999 is a very nice accumulation point. It can dip slightly lower withing 30 days, bottom, then increase in less than 60 to 90 days.
$1999 is a very nice accumulation point. It can dip slightly lower withing 30 days, bottom, then increase in less than 60 to 90 days.
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$10,000 by 2034