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

🔍 1H Structure Recap: BOS at $3205, followed by a bearish drop to $3120 CHoCH at $3193 signaled a potential shift We marked a demand zone at $3120–$3140, expecting a buy reaction 🔍 4H Expanded View (Current Chart): Price gave us a CHoCH, indicating the break of the bullish structure A clear Supply Zone formed at $3260–$3285 Price recently tapped this zone and got rejected, confirming supply dominance There’s a larger demand zone around $2950–$3000, which price could target if bearish pressure continues ⚠️ What This Tells Us: ✅ The market is now bearish on the higher timeframe (4H), even though short-term (1H) showed a bullish correction ✅ The supply zone held strong, rejecting price and keeping the bearish trend intact ✅ There’s no strong bullish BOS on 4H yet, so we focus on selling from premium zones 🔮 Trade Outlook: 🔽 Sell Setup (High Probability): Wait for price to revisit the $3260–$3285 supply zone Look for rejection or bearish confirmation patterns (like bearish engulfing or M-patterns) TP levels: First target: $3120 (1H demand) Final target: $3000–$2950 (4H demand zone) 🔼 Buy Setup (Lower Probability unless structure shifts): If price breaks $3285 and forms BOS on 4H, we shift bias to bullish Then wait for a retest to go long 🎯 Key Levels: Supply Zone: $3260–$3285 Demand Zone (1H): $3120–$3140 Demand Zone (4H): $2950–$3000 CHoCH Confirmation: Already printed – market is in a correction or downtrend 📌 Summary: Stay with the bearish bias until structure tells us otherwise. The supply zone is in control for now. Smart traders are patient – let price come to your zone and react.