Technical analysis by Trader_366_FX about Symbol PAXG: Buy recommendation (4/28/2024)

We see price take out all sellside liquidity from a HTF. This signifies that price is willing to go lower to finally pullback from a weekly perspective. Intraday buys to sell are still a good option, however because there is a clear market structure shift on the daily based on candle closures, we can possibly expect a mitigation of higher prices to 2382.61 before going lower. Also taking into consideration that buys are a higher possibility following bullish pressure on the weekly, we may very well break the highs since all sellside liquidity has been purged.Best scenario is for price to mitigate buyside key level of around 2382.61, melt to 2279.68 and continue its bullish pressure higher