Technical analysis by FOREX_QUEEN_10 about Symbol PAXG: Buy recommendation (2/26/2025)

Technical Analysis:Trend: The price has been in a downtrend, making lower highs and lower lows.Support & Resistance:Strong support is observed at around 2,833.768 (marked by the lowest horizontal blue line).Resistance levels:First Take Profit (TP1): ~2,862.683Second Take Profit (TP2): ~2,884.752Final Target (TP3): ~2,915.624Bollinger Bands:The price recently touched the lower Bollinger Band, indicating an oversold condition and a potential reversal.If the price moves back inside the bands, it suggests a possible bullish recovery.Trade Setup:Entry Point: The trader is considering entering around the support level (2,833.768).Stop Loss: Below the support area (red zone).Take Profit Targets: At 2,862.683, 2,884.752, and 2,915.624.Market Sentiment:If the price holds above support, there is a potential for a bullish reversal.A break below support could invalidate the setup and continue the bearish trend.Conclusion:Bullish Scenario: A rebound from support with targets at 2,862.683, 2,884.752, and 2,915.624.Bearish Scenario: A breakdown below 2,833.768 could trigger more downside movement.trade active from 2852 keep hold in buy position