Technical analysis by ElenaMayi about Symbol PAXG: Buy recommendation (3/6/2025)

The overall market direction is an uptrend. We anticipate a short correction before the price continues to rise.The price has stabilized above the 2918 resistance level, confirmed by the daily candle closing above it. As long as trading remains above this level, the price is likely to rise further, targeting the next resistance levels at 2938 and 2955. However, if the price stabilizes below 2918, the bearish trend will be activated, pushing the price toward the 2895 level.Tendency Keys: 2918Resistance Line: 2918, 2938, 2955.Support Line: 2895, 2880, 2844The price declined and reached the support level of 2895, subsequently rising and currently attempting to break through the 2918 level.