Technical analysis by AlkalineFX about Symbol PAXG: Buy recommendation (7/16/2022)

The breakout of the trendline was very clearly a trap.Buyers are now panicking holding on to their last hope that price will reverse back to the upside.This is highly unlikely to happen.We are likely to see a strong sweep of the equal lows to liquidate remaining buyers before we see any signs of a reversal.I want to buy in for a long-term swing with the members around 1600.Let me know what you think in the comment section.