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

Market Context:The chart indicates a potential liquidity grab below the $2,700 level, targeting sell-side liquidity.A clear 1-hour Order Block (OB) at $2,694–$2,696 is anticipated to act as a demand zone.The bullish target is set to reclaim the Asian High at $2,717 after the anticipated reaction from the OB.Key Levels:Liquidity Sweep: Below $2,700, where price may clear stops and activate pending buy orders.Demand Zone: 1-hour OB at $2,694–$2,696.Bullish Target: The Asian High at $2,717, which aligns with the next liquidity zone.Final Target: Previous High at $2,725.74, marking a major resistance level.Technical Confluences:Liquidity Engineering: Price has formed relatively equal lows near $2,700, creating an attractive level for liquidity grabs before a bullish move.1-Hour OB as Demand: The 1-hour OB coincides with previous price inefficiencies, making it a high-probability area for bullish reactions.Choch (Change of Character): A potential reversal in market structure is expected once the price reacts bullishly from the OB.Execution Plan:Entry: Place buy limit orders within the $2,694–$2,696 1-hour OB.Stop Loss (SL): Below the OB at $2,692.00 to account for potential wicks.Take Profit (TP):Primary TP: $2,717 (Asian High).Secondary TP: $2,725.74 (previous high).Market Expectations:Price is likely to sweep liquidity below $2,700, tap the 1-hour OB, and begin a bullish rally.Confirmation for the move can be observed through bullish engulfing candles or a break of the immediate lower-high structure.Monitoring the reaction at the OB is crucial to validate the bullish bias.This setup offers a high reward-to-risk opportunity, targeting key liquidity zones while respecting price structure.