Technical analysis by JoeSignals about Symbol PAXG on 5/16/2025

📊 Analysis Based on Smart Money Concepts (SMC) ✅ Break of Structure (BOS) observed at $3205 ✅ Price dropped to $3120, showing strong bearish momentum ✅ Change of Character (CHoCH) formed around $3193 ✅ Price reacted from the Demand Zone near $3120 📌 Trade Plan: We're waiting for the price to retrace back to the Demand Zone (highlighted area) for a potential buy setup. 🔑 If price fails to retrace and instead breaks above $3250, that would be a new BOS, and we’ll look for a bullish retest entry at that level. 📉 If price returns to the demand zone and shows bullish confirmation, expect upside continuation. 📈 If price breaks $3250, structure shifts bullish—watch for retest to join the uptrend. 🧠 Be patient. Let the market come to your zone. Don’t chase it.