Technical analysis by mrsamfx81 about Symbol PAXG: Buy recommendation (5/21/2025)

1. Double Top ResistanceThe chart identifies a "double top" near the current level. This is typically a strong bearish reversal pattern.If price fails to convincingly break above this level (around 3,310–3,320), it may indicate a loss of bullish momentum.2. Overextended MoveRecent candles show a steep rally (notably the 3.03 move), which may be overbought on lower timeframes (e.g., RSI likely >70).Parabolic moves are often followed by sharp corrections.3. Support Cluster VulnerabilityThe red shaded support zones could act as liquidity traps. If price dips into those zones and fails to bounce, it may trigger sell-offs.Especially the zone just below the current price — if broken — could accelerate downside toward the "Strong Support Area" around 3,270.4. False Breakout RiskTRADE ACTIVE