Technical analysis by Mr_Babz about Symbol PAXG: Buy recommendation (1/14/2025)

Market Context:The current price action shows a potential reversal setup after a significant bearish move.Liquidity sweeps ($$$) have occurred at previous lows, hinting at a potential bullish accumulation.A clear 30-minute order block (OB) has formed at 2,666 with a high probability of acting as a demand zone.Key Levels:Entry Zone: 30-minute OB at 2,666.18.Take Profit (TP): Targeting the previous liquidity zone at 2,698.18 (major resistance).Stop Loss (SL): Below the OB at 2,660.00 to minimize risk.Technical Confluences:Liquidity Sweep: The price has cleared liquidity below recent swing lows, forming a possible base for a bullish move.Order Block: The 30-minute OB aligns with the structure of bullish accumulation and overlaps with a support area.Relative Strength Index (RSI): Momentum is showing signs of divergence, which further supports a potential reversal.Higher Time Frame (HTF) Alignment: The bullish bias aligns with a possible retracement to HTF levels.Execution Plan:Entry: Place buy limit orders at 2,666.18, within the 30-minute OB.Risk Management:Risk 1% of your account balance.Position size calculated based on a 6-point SL.Profit Target:Primary TP: 2,680.00 (intermediate resistance).Final TP: 2,698.18 (key HTF resistance).Market Expectations:Expect a potential reaction at the OB, with a bounce towards the intermediate resistance level.Confirmation on lower time frames (LTF) could include bullish engulfing patterns or a break of market structure.This trade idea capitalizes on a high-probability demand zone with solid risk-reward dynamics.