Technical analysis by YUKIOTRADER90 about Symbol PAXG on 4/30/2025

1. Pattern: Falling WedgeThe blue trendlines show price compression — lower highs and lower lows — forming a falling wedge.This pattern is typically bullish, suggesting a potential breakout to the upside.2. Price Action:Price is currently testing the lower boundary of the wedge.A bounce has already started from the wedge support, and a projected zig-zag recovery is drawn, hinting at a breakout.3. Forecast (as shown by the arrows):The chart anticipates a minor pullback (retest) followed by a strong bullish breakout.The target seems to be above the 3,340–3,360 zone.4. Support & Resistance:Support: Around 3,260 and lower wedge line.Resistance: 3,320–3,340 near the upper wedge boundary, then 3,360+.5. Indicators (implied):No RSI, MACD, or volume shown, but the price structure alone suggests bullish potential if it breaks above the wedge convincingly.Conclusion:The trader expects a bullish breakout from a falling wedge. For confirmation, watch for:A breakout above the upper trendline.Strong bullish candles or increased volume.Retest and bounce off the broken wedge line (support-turned-resistance).Would you like help identifying potential entry, stop-loss, and take-profit levels based on this pattern?