Technical analysis by Mr_Babz about Symbol PAXG: Buy recommendation (1/8/2025)

Entry Zone: 2655 (15-Min Breaker Block overlapping with FVG)Take Profit (TP): 2663Stop Loss (SL): Below 2652Analysis Overview:The price is retracing into a 15-Min Breaker Block (BB) at 2655, which overlaps with a Fair Value Gap (FVG), creating a strong confluence for a bullish setup. This zone represents an area of imbalance and previous price reaction, increasing the likelihood of a bounce.Confluence Factors:15-Min Breaker Block (BB)Fair Value Gap (FVG) overlapBullish structure on lower timeframeRSI indicating room for upsideTrade Plan:Enter long at 2655First TP near 2663SL securely placed below 2652Risk Management:Partial profits can be taken as price approaches 2660, and the remaining position can be left to ride toward the target at 2663. Maintain tight risk management and adjust stops if price moves favorably.Let’s see how the market respects this zone!