Technical analysis by MALBERT3468 about Symbol PAXG: Buy recommendation (7/7/2025)

May be consolidation market bullish in uptrend .Market Structure:After a downtrend, price formed a falling wedge, followed by a potential inverse head and shoulders pattern (bullish reversal pattern).Entry Zone: Marked just above the support area, right shoulder, and falling wedge breakout.Targets:TP1: ~3,332.545TP2: ~3,340.850Final TP: ~3,362.928Stop Loss: Below the recent low (~3,291.538)✅ Strengths in the Analysis1. Multiple Bullish Patterns:Falling Wedge (bullish reversal).Inverse Head and Shoulders (strong reversal indication)2. Well-defined Entry/Exit Levels:Clear Entry, SL, and TP points.3. Support Area Holds:Price bounced from a strong historical support zone.4. Confluence with Resistance Break:If price breaks above the neckline (Entry), it confirms the bullish reversal.📈 Trade Management TipsTrail Your Stop: After TP1, move stop loss to break-even.Partial Take Profits: Scale out at each TP level.Watch for Fakeouts: Falling wedge breakouts can sometimes retrace before running🔧 Suggestions for Improvement1. Volume Confirmation:Consider adding volume to confirm the breakout, especially from the falling wedge and neckline of the inverse H&S.2. Ichimoku Context:You are using part of the Ichimoku Cloud. It would help to clearly interpret it:Is the price breaking above the cloud?Are Tenkan-sen and Kijun-sen bullish aligned?3. Candle Confirmation for Entry:Wait for a strong bullish candle (engulfing or breakout) before entering.4. Risk-Reward Ratio:The RR looks good (~2.5:1), but clarify it in text for better decision-making.5. Fundamental Context:Consider macro factors affecting gold (e.g., USD strength, interest rates, geopolitical news).🧠 SummaryYou're trading a bullish reversal setup based on multiple chart patterns and a bounce off a key support zone. This is a well-structured plan with solid technical justification. Just ensure proper confirmation before entry and maintain discipline with risk management.congratullation guys our TP 1 hit around 120+PIPS in profit .