Technical analysis by WavePoint_FX about Symbol PAXG: Buy recommendation (7/13/2025)

🔍 The momentum analysis Daily timeline (D1): The momentum is currently witnessing a shift towards the upward trend, indicating the possibility of continuing the upward trend at the beginning of the week (Monday). The time frame is 4 hours (H4): The momentum is an income in the purchasing saturation area, which increases the possibility of a short -term corrective movement that pushes the momentum to return to the saturated saturation area. 🌀 Elliott waves structure On the H4 chart, we notice the formation of a close triangle style (ABCDE) approaching its end. In the trading plan for Friday, we expected that the correction had ended and that the price entered into a new driving wave. However, there are two unusual points to pay attention to: A long loft candle has appeared with a high trading size at the resistance level 3365, in conjunction with the entry of the H4 in the purchasing saturation area. This indicates the possibility of a correction soon - something that should not happen if the price is really within the third wave. It is better that the price has rushed strongly to the 3402 level on Friday to confirm this scenario. On the H1 frame, the rising candles are short and intertwined, indicating weakness in the upward momentum and lack of decisiveness by buyers. These two points are that the market may remain within the correction stage, and the level of 3402 is a pivotal point to confirm whether the correction has already ended or not. 💡 A look at trading Rising momentum on the daily frame still supports purchase deals next week. However, due to the purchasing saturation on the H4, there is a strong possibility of a temporary correction. We will wait for the price to drop towards the support areas below to search for purchase opportunities when declining (Buy on Dip), targeting the 3393-3402 area, which are the same goals as Friday's plan with a previous entry zone at 3332 - 3330. 📊 Trading plan Buy Zone: 3342 - 3340 Slunder (SL): 3330 Refunction 1 (TP1): 3370 Gove profits 2 (TP2): 3393