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Technical analysis by hassanshahjehan about Symbol PAXG: Buy recommendation (2/9/2025)

https://sahmeto.com/message/3237782
hassanshahjehan
hassanshahjehan
Rank: 5130
1.7
Buy،Technical،hassanshahjehan

The chart shows a clear uptrend overall, with a recent pullback.Support and Resistance LevelsPrimary Resistance: Around 2,880.00 - 2,885.00. This is a significant level where the price previously encountered selling pressure and was rejected.Secondary Resistance: Near 2,900.00. This is a psychological level and a potential area of further resistance.Primary Support: 2,850.00 - 2,855.00. This zone aligns with the current price and acted as resistance before, now potentially acting as support.Secondary Support: 2,835.00 - 2,840.00. This level aligns with previous swing lows and could provide further support.Potential Buying Area : 2,850.00 - 2,855.00. This zone is significant because:It aligns with the primary support level.It's where the price previously consolidated before breaking higher.A successful retest of this zone as support could signal a continuation of the uptrend.Follow me for more signals

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$2,900
Stop Loss Price
$2,835
First Support:
$2,850
First Resistance:
$2,880
Price at Publish Time:
$2,889.66
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