Technical analysis by ashif030 about Symbol PAXG: Buy recommendation (1/17/2025)

Demand Zone (Green Area):A clearly marked demand zone lies below the current price level. This zone could potentially act as a strong support area where buyers are likely to step in.Price Movement Projection:The drawn path suggests that the price may drop into the demand zone and then reverse sharply upward toward the marked resistance level at $2,724.91.Buy Opportunity:Look for long positions around the demand zone if there are signs of reversal (e.g., bullish candlestick patterns or other confirmation signals).Target:Aim for the resistance at $2,724.91 as the first target.Stop Loss:Place a stop loss below the demand zone to manage risk in case the price breaks lower.