Technical analysis by naumanfx_ about Symbol PAXG: Buy recommendation (2/20/2025)

Market Structure:I N B O X- F O R -T R A D E -S I G N A L SThe price has been in an uptrend but recently experienced a pullback.After making a higher high, the market retraced and is now showing a possible bullish reversal.Trade Setup:A long (buy) position is placed, with the entry point around 2,935.725.Stop-Loss (SL): 2,927.165 (marked in red).Take-Profit (TP): 2,955.208 (marked in blue).Risk-Reward Ratio:The trade is structured with a risk-reward ratio greater than 1:1, which indicates a balanced approach to risk management.Key Levels to Watch:Support: 2,930.000 (recent low).Resistance: 2,955.000 (target level).If price breaks above the 2,955 resistance, the next target could be 2,970+.Possible Trading Strategy:Bullish Confirmation: If price sustains above 2,941, it could indicate further upside momentum.Bearish Risk: If price falls below 2,935, the trade setup might become invalid, leading to a stop-loss hit.Conclusion:📌 The market is currently at a key decision point. If the price maintains above 2,935, buyers may push towards the 2,955 level. However, if the price breaks below support, a deeper pullback may occur. Risk management is crucial in this setup.