Technical analysis by wizzywise1 about Symbol PAXG: Buy recommendation (3/4/2025)

Analyzing M15, M30, H1, H4, and D1 charts for a precise trade execution strategy.1. Market Structure Overview (Multi-Timeframe)M15 (15-Minute Chart)CHoCH (Change of Character) indicates bullish momentum.Currently testing equilibrium (~$2,888 - $2,890).Weak high at PDH (Previous Day’s High) around $2,893, which may act as resistance.M30 (30-Minute Chart)Break of structure (BOS) confirms bullish short-term trend.Price is hovering near PDH ($2,893).If it fails to break above $2,895, a short-term rejection is possible.H1 (1-Hour Chart)Bullish CHoCH confirms the short-term uptrend.PDH ($2,893) remains a crucial level.If broken, a rally toward $2,910 - $2,920 is likely.H4 (4-Hour Chart)Testing supply zone at PDH ($2,893).Potential retracement to $2,865 - $2,870 before continuation higher**.D1 (Daily Chart)Price bounced from a key demand zone around $2,850.Still bearish on the higher timeframe unless price reclaims $2,920 - $2,950.If $2,900 - $2,920 rejects, more downside is expected.2. Expected Scenarios & ProbabilityScenario 1: Short-Term Bearish Rejection (60% Probability)If price fails to break $2,895 - $2,900, expect a rejection down to $2,870 - $2,865.Confirmation: Bearish rejection candle at PDH ($2,893).Scenario 2: Bullish Breakout (40% Probability)If price closes above $2,895, expect a move toward $2,910 - $2,920.Confirmation: Strong breakout and candle close above $2,895.3. Trading PlanSell Setup: (Primary Trade - 60% Probability)Entry: $2,893 - $2,895.SL: $2,905 (Above resistance).TP1: $2,880 (First liquidity level).TP2: $2,870 (Discount zone).TP3: $2,865 (Major demand zone).Risk-Reward Ratio: 1:3.Buy Setup: (Countertrend - 40% Probability)Entry: $2,895 - $2,900.SL: $2,885 (Below weak low).TP1: $2,910 (Short-term liquidity).TP2: $2,920 (Key supply zone).Risk-Reward Ratio: 1:3.4. Final Trade Execution Summary:Trade TypeEntryStop-LossTake-Profit 1Take-Profit 2Take-Profit 3R:RSell Setup$2,893 - $2,895$2,905$2,880$2,870$2,8651:3Buy Setup$2,895 - $2,900$2,885$2,910$2,920-1:3📌 Additional Execution Tips:Watch for a rejection at $2,893 - $2,895 before shorting.If price closes above $2,895, shift to buy mode.Use M5/M15 for precise entries and candle confirmations.Avoid entering during high-impact news releases.Risk per trade: 1-2% of capital for optimal risk management.