Technical analysis by ashif030 about Symbol PAXG: Buy recommendation (11/27/2024)

Demand Zones (Yellow Boxes):The highlighted yellow zones indicate demand areas where buying interest is expected. Price might retrace to these zones before a potential move is higher.Imbalance and Price Targets:The chart illustrates an imbalance in price action, likely from a rapid bearish move (shown in the earlier left side). This is marked with a potential corrective wave.Projection (Red Arrow):A retracement is expected, possibly to test a lower level of support (around 2,641 or lower to the demand zones). After retracement, a bullish move towards the yellow resistance area (2,684 zone) is anticipated.Structure:The recent trend shows higher highs and higher lows, hinting at bullish momentum after the previous sell-off.