Gold or PaxGold (PAXG/USD-FTX)- Retest and Flip?

By milionarioo | DigiNomic | 22 Apr 2020


After the breakout, gold apparently retouched the neckline and then again came under attack from the demand.

The LONG entry was therefore taken, with the same invalidations as the linked post.

Tracing a higher high would instead be further confirmatory, and therefore an opportunity for compounding the position.

Gold demand is at an all-time high, given the ongoing monetary stimulus from FED & Co. and this will certainly contribute to supporting the price.

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