Technical analysis by ansarionline about Symbol PAXG: Buy recommendation (4/17/2025)

Entry Zone: Around $3,312 – $3,316The price has hit a demand zone (grey + blue highlighted area), indicating a potential reversal/bounce point.Stop Loss (SL): Just below $3,300The red zone below the entry suggests risk is managed tightly — stopping out if the price breaks the demand zone.Take Profit (TP): Around $3,351 – $3,356The green target zone marks the expected price level where profit will be taken.📌 Key ObservationsDemand Zone (Support):Price has reacted multiple times around the blue-grey area (support), suggesting strong buying interest.Bullish Engulfing Setup:The last candle at the demand zone appears strong — showing signs of bullish pressure.High Reward to Risk:The RR ratio looks favorable — small risk for a larger reward.Previous Supply Zone:Around $3,351+, marked in green — that's the area of interest for sellers, hence a good TP area.🧠 InterpretationThis setup suggests the trader expects gold to bounce from this support and head toward the previous resistance/supply area.If the trade works, the trader earns a nice reward.If the trade fails, it exits with minimal loss below support.