Beyond reading charts, this is something you should know about: gold tokens
PAX Gold (PAXG) is a gold token issued by Paxos. Each token represents one troy ounce of gold in a London Good Delivery gold bar.
The difference between holding gold tokens and holding physical gold is that tokens can be transferred 24/7 and held in very small fractions, but they also require you to trust the issuer.
$PAXG Each token represents one troy ounce of physical gold stored in a London vault. Currently 4170.
It’s best to invest only money you can afford to lose without affecting your livelihood.

#PAXG

This may not be accurate, so make your own decisions.