PAXG may peak now & decrease before 2023-03-18

By day0

Updated

PAXG may peak now & decrease before 2023-03-18, then increase again after finding a short-term bottom.

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1h - Trend is very flat; however it is a weekend. Indicators reflect a possible slight decline on Monday, 2023-03-20. It's possible for an increase after 2023-03-22.

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OREAF (& Gold) may rise through Q1 2026:

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PAXGUSD may dip near 1960.00 during 2023-05, then increase by 2023-07.

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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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1h $1960 is perhaps the bottom for this current mild dip

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30m with 1h top indicator; signals a possible increase soon (my estimate is higher levels by 2023-07)

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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 1w top indicator

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1w view with resistance mapped in red at base

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1w with 1w top indicator

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1h with 1h top indicator

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1h with 1h top indicator (gold will increase from 2023-05 to 2024-01-01

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INDICATORS:
"PRFOSC" (Polynomial-Regression-Fitted Oscillator) indicator (by author Loxx) used on this chart is found here:

Polynomial-Regression-Fitted Oscillator [Loxx]

"PRBEP" (Polynomial Regression Bands w/ Extrapolation of Price) (by author Loxx) used on this chart is found here:

Polynomial Regression Bands w/ Extrapolation of Price [Loxx]

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Recession is getting closer. Then gold is expected to rise after it is officially announced as official status.

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Indicator at base in above chart:
Recession Warning Traffic Light

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1D with 1D top indicator

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1h with 1h top indicator

day0

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