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

🔑 Key Levels:Resistance: ~ $3,345 – $3,360Minor Resistance: ~ $3,330Pivot Zone: ~ $3,305 – $3,310Support: Around $3,290 (not shown but implied if break continues)💡 Price Action Insights:Strong bearish candle broke below the pivot with high volume (big red arrow). This could be a liquidity grab or a genuine breakdown.The chart shows a possible fakeout scenario – price dips below pivot, sucks in sellers, then reverses to trap them and push higher.Projection path suggests:Bounce back above pivotBreak minor resistancePush to resistance zone (~$3,360)Confirmation needed: A strong bullish candle reclaiming the pivot on increasing volume.🧠 Volume Clue:Notice the volume spike on the break of pivot.If this is absorption (buyers taking in sells), reversal is likely.If follow-through selling comes next, expect deeper drop.✅ What to Watch:If price reclaims the pivot with a strong green candle, expect a push to $3,330–$3,345+; if it’s rejected with a weak bounce, it may drop back to $3,290–$3,280; and if it breaks below the pivot again on high volume, anticipate a bearish trend continuation.