Technical analysis by AmirMIssa about Symbol PAXG on 5/8/2025

The price is currently trading around the 3353 level, after bouncing from a key support zone at 3329 dollars.In the first scenario, if the price continues to rise, it’s expected to reach the 3398 level — a very strong resistance area, as it aligns with a descending trendline and multiple previous highs. This zone could trigger a strong pullback, and we expect a new decline back toward the 3329 and 3319 levels respectively. The MACD is giving a bullish signal, and the Stochastic is also moving up from the oversold area, which suggests the possibility of a temporary upward move.