Technical analysis by ashif030 about Symbol PAXG: Buy recommendation (7/8/2025)

🟢 Current Trade Setup (Buy Position)Entry: Around 3,299.46Take Profit (TP): 3,338.87Stop Loss (SL): 3,285.64Risk-Reward Ratio: ~1:3 ➜ This is a favorable R:R setup.Key Zone - Supply AreaMarked as SUPPLY H4 (Higher Time Frame 4H supply zone).Price Range: ~3,350 to 3,368+This is where sellers may aggressively enter the market.A potential reversal zone—watch price action closely when it reaches there.🔸 Recent Price ActionA strong sell-off occurred before this setup.Price then formed a sharp wick and a potential demand reaction around 3,285–3,290.Price is now attempting a bullish recovery (possibly a liquidity grab followed by accumulation).🔸 Bullish SignalThe recent structure shows a double bottom / demand reaction.Entry aligns with the bottom of the move, offering good positioning.📌 What to WatchIntraday Buyers’ Momentum:If volume supports upward momentum, it could push price toward TP.Reaction at 3,320–3,340:Minor intraday resistance zones before the TP.If price hesitates, consider partial profit-taking.Rejection from Supply H4:TP is placed just below the H4 supply zone — smart take.Avoid extending TP unless there's a strong breakout candle.🧠 Summary✅ Strong R:R setup.✅ Clean reaction from demand.🚨 Supply H4 zone ahead — expect resistance near 3,350–3,360.📈 As long as price holds above ~3,290, the setup is valid.