Technical analysis by Jack-Mastermind about Symbol PAXG: Buy recommendation (5/6/2025)

Chart Breakdown:The chart illustrates a clear breakout scenario following a prolonged consolidation phase marked in the beige box. After multiple failed attempts to break the descending trendline, the price action finally surged above it, indicating a strong shift in market structure.Key Highlights:Consolidation Zone: Price traded sideways for several days, building momentum and liquidity.Trendline Break: A clean break of the descending trendline added confirmation to the bullish move.Support/Resistance Flip: The 3,358 zone (blue line) has now flipped from resistance into strong support.Bullish Continuation: After the breakout, we see a powerful impulsive move upward.Projected Move:A potential pullback to the 3,386 – 3,358 area may occur to retest broken resistance as new support.If the retest holds, we anticipate a continuation toward the next key resistance levels:1stTarget 3,4172nd Target 3,454Final target: 3,493Trade Idea (Not Financial Advice):Entry Zone: 3,370–3,358 (upon confirmation of support holding)Targets: 3,417/3,454/3,493Invalidation: Below 3,358 with strong bearish volumeThis setup shows strong bullish momentum and a textbook breakout structure. Keep an eye on the pullback zone for a potential high-probability entry.Trade Active Guys 3358