Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol PAXG on 7/9/2025

Entry Point: 3,298.76 Stop Loss: 3,310.23 Take Profit (Target Points): Target 1: 3,250.18 (Bearish Target) Target 2: 3,342.45 (Bullish/Alternative EA Target) 📉 Current Market Context: Price at time of chart: ~3,291.60 Trend: Short-term bearish after rejection from resistance zone near 3,310–3,324 Moving Averages: Price is below both the 50 EMA (red) and 200 EMA (blue), indicating downside pressure. 🔴 Bearish Scenario (Primary Idea): Bias: Short/sell trade below the 3,298.76 zone. Target: 3,250.18 Rationale: Price rejected resistance near 3,310. Entry below minor support turned resistance (zone marked in purple). Favorable risk-reward setup (~1:4). 🟢 Bullish Alternative (If Reversal Happens): If price breaks above the 3,310.23 stop loss and holds, a potential rally toward 3,342.45 is possible. This may represent a reversal setup but is less likely unless a strong bullish impulse forms. 📌 Conclusion: This setup favors a bearish continuation under resistance. The target zone at 3,250.18 aligns with previous support and demand levels. However, a break above 3,310.23 would invalidate the setup and could hint at a reversal toward the 3,342.45 resistance