Technical analysis by Mr_Expert7- about Symbol PAXG: Buy recommendation (5/1/2025)

The chart you shared is a technical analysis of Gold (CFDs on Gold, US$/oz) on the 45-minute timeframe, as published on TradingView. Here are the key details:Current price: $3,237.55, down 51.485 (-1.57%).Resistance zone: around $3,370 - this level is marked with a blue line and an orange-red box indicating pre-selling pressure.Support zones:Intermediate support: around $3,197.41.Lower support: around $3,124.54, shown with a green box indicating a buy zone.Pattern analysis: The chart appears to illustrate a potential bearish setup:A rising wedge breakdown followed by a retest.An expected minor pullback (blue arrow path forecast) before continuing downwards. Price Prediction:If the $3,197 level fails to hold, bearish momentum could push the price to $3,124 or lower.A temporary bounce or pullback is expected after hitting support before further declines.Would you like analysis for a different timeframe or a fundamental view along with this technical one?