Technical analysis by shermzT about Symbol PAXG: Buy recommendation (5/6/2022)

On the M30 time frame, prices are holding above the ascending trend line and a pullback to the support area at 1872.15, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension presents an opportunity to play a short term bounce up to the next resistance target at 1897.44. Stochastic is approaching support as well, in line with our bullish bias.