Technical analysis by RamiGamil about Symbol PAXG: Buy recommendation (2/23/2025)

RamiGamil

Gold has been in a strong bullish uptrend for the past few weeks, so I’m not surprised that price has once again reached all-time highs. As anticipated, price mitigated the demand zone and continued pushing upward.For this week, I expect price to accumulate and retrace back down to my 11-hour demand zone, where I anticipate signs of weakening before a new bullish move to the upside. Since this demand zone was responsible for the recent break of structure, it has become my point of interest (POI).Confluences for Gold Buys:✅ Price remains in a strong bullish trend, consistently forming higher highs and higher lows.✅ The clean 11-hour demand zone that initiated the last upside move remains unmitigated.✅ There is liquidity resting above, including the newly formed trendline, which is likely to be taken.✅ This setup aligns with the overall bullish trend, reinforcing my long bias.Alternative Scenario:If price fails to hold at the 11-hour demand zone and breaks the major low, we could see a temporary bearish phase or a potential reaction from the 7-hour demand zone insteadt.me/+-ArNrDzhu7swMzU8 Do you want to make your life better? Do you want your wealth to grow? Whether your account is losing money or you are a novice trader, you can contact me. I can bring you more than 400% profit every week. If you don't make money, we don't charge any fees. Click in and take a look. You won't lose anything. Come in and take a look to help you!!! Free channels to gain wealth: t.me/+-ArNrDzhu7swMzU8