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Technical analysis by Ameer-Trader about Symbol PAXG: Buy recommendation (1/18/2025)

https://sahmeto.com/message/3175418
Ameer-Trader
Ameer-Trader
Rank: 5650
1.7
Buy،Technical،Ameer-Trader

Gold is showing strong bullish momentum on the **monthly timeframe**, recently tapping into key **Inner Range Liquidity (IRL)** zones. This movement has left behind **bullish Fair Value Gaps (FVGs)**, signaling that the price is actively offering fair values and is likely targeting **Extended Range Liquidity (ERL)** above the all-time high.#### **Key Observations:**1. **Bullish FVGs on Monthly Chart**: These inefficiencies in price highlight the bullish intent as the market rebalances.2. **Liquidity Dynamics**: Gold is currently focused on **seeking liquidity** in the form of stops and orders residing above the all-time high.3. **IRL and Price Structure**: The recent tap into IRL suggests a re-accumulation phase, preparing for a move toward liquidity pockets at higher levels.#### **Outlook and Strategy:**- **Directional Bias**: Strongly bullish.- **Targets**: The ERL above the all-time high, likely near significant psychological levels like 2790$.### **Conclusion**Gold is respecting the ICT principle that **price seeks fair value or liquidity**. With the recent behavior, it is evident that gold is targeting the liquidity resting above its historical highs. Stay aligned with the narrative, context, and directional intent for optimal entries.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
First Resistance:
$2,790
Price at Publish Time:
$2,691.02
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