Technical analysis by hassanshahjehan about Symbol PAXG: Buy recommendation (2/15/2025)

Support Zones:Short-Term:2,882.62: This price level has acted as a support in recent price action. The price bounced off this level, indicating buying interest.2,860.00 - 2,840.00: This zone also appears to be a short-term support area. The price consolidated in this range before the recent move upwards.Long-Term:2,783.57: This level appears to be a significant long-term support. It's a lower swing low on the chart.2,760.00 - 2,740.00: This zone also looks to be a longer-term support zone.Resistance Zones:Short-Term:2,930.73: This is the most immediate short-term resistance. The price was strongly rejected at this level, as shown by the long upper wick on the candlestick at that price.2,906.45: A minor resistance level where the price previously encountered selling pressure.Long-Term:3,000.00 - 3,020.00: This is a significant long-term resistance zone. The price faced strong rejection in this area, indicating a potential selling zone.Trend Analysis:Overall: The chart suggests a potential uptrend after a bounce from the long-term support zone around 2,783.57.Recent Price Action: The price has broken above short-term resistance at 2,882.85 and is currently attempting to move higher. However, the strong rejection at 2,930.73 suggests significant selling pressure at that level.Potential Scenarios:Bullish: If the price can break and hold above 2,930.73, it could continue its uptrend towards the long-term resistance zone around 3,000.00 - 3,020.00.Bearish: If the price fails to break above 2,930.73 and falls below 2,882.62, it could retest the short-term support zone around 2,860.00 - 2,840.00. A break below this zone could lead to a retest of the long-term support at 2,783.57.Follow on telegram for accuracy and timely signalsTelegram: OrbitSignalsFX