Technical analysis by Johnson67 about Symbol PAXG: Buy recommendation (5/16/2025)

1. Market Structure Labels:HH (Higher High), HL (Higher Low), LH (Lower High): Indicate the shift in trend.BOS (Break of Structure): Shows where the market structure changed.CHOCH (Change of Character): Signals a potential reversal from bullish to bearish.FVG (Fair Value Gap): Gaps between candles indicating imbalance in price delivery.2. Order Block:A marked order block zone around the 3,440-3,480 price level shows a potential area of institutional selling or supply.3. Trade Setup:Entry Zone: Around 3,215.304 (current price region).Target Zone: Around 3,384.772.A bullish reversal is anticipated from the support area, aiming toward the target.4. Pattern Recognition:The chart visualizes a potential bullish reversal after a CHOCH, suggesting the price may rally after filling the FVG and retesting support.a significant downtrend and change in character (CHOCH), the price of gold is expected to reverse and move upward toward the marked target zone. The trader likely plans to enter at current levels, aiming for a long position with a bullish bias.