Technical analysis by Optimum369 about Symbol PAXG: Buy recommendation (4/9/2023)

🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️✨Eagle Eye: Strongly bullish with a potential for a minor correction📆 Monthly: Currently in an uptrend with a minor corrective phase. The market has engulfed the last 3 months' move with a high chance of moving upward.📅 Weekly: A clean uptrend with a BOS indicating a short correction before moving up again this week.🕛 Daily: A proper break of structure with a classic cup and handle pattern and substantial buildup. All bullish signs are present, making it a good time to enter for a buy entry.😇 7 Dimension Analysis🟢 Analysis Time Frame: Daily1 Price Structure: Bullish2 Pattern Candle Chart: Cup and handle pattern with confirmed breakout after buildup3 Volume: Volumes increased at the 2nd breakout, but not significantly strong4 Momentum UNCONVENTIONAL RSI: Clearly in the super bullish zone5 Volatility Measure Bollinger Bands: M-type patterns not suitable for bulls, with a short reversal expected6 Strength ADX: Bull DMI cross-bulls have taken control, with a correction expected7 Sentiment ROC: The USD shows strength this week.✔️ Entry Time Frame: H412. Entry TF Structure: BullishEntry Move: We need a reversal nowSupport Resistance Base: Lower side trend line support at presentFIB: Corrective move started☑️ Final Comments: The corrective move is expected to complete around the 1980 area.16. 💡Decision: Buy🚀Entry: 1982✋Stop Loss: 1970🎯Take Profit: 2070😊Risk to Reward Ratio: 1:4🕛 Expected Duration: 5 days.