Technical analysis by jamesibartram about Symbol PAXG: Buy recommendation (6/7/2025)

🔍 Bias: Strong Bullish Reversal from Demand (Wave 5 expected)📌 Key Confluences:Wave (4) retracement tapped into major demand zone and sell-side liquidity pocket.Held support above the 200 EMA and dynamic cloud zone.Volume spike near support shows accumulation by strong hands.Wave (3) had strong momentum – wave (5) could extend to 4,000+ levels.🎯 Trade Idea:Buy Gold (XAU/USD) at 3,180 – 3,220Stop Loss: Below 3,100 (invalidation of structure + trendline)Take Profit: 3,950 – 4,050 (based on wave (5) projection)⚠️ Risk Note: Wait for a bullish engulfing candle or volume confirmation above 3,250 if conservative.This setup is a textbook bullish continuation off a major correction, supported by clean structure, liquidity sweep, and wave alignment — making it a prime high-probability buy for the next leg up.