Technical analysis by Ahmad_Fxbeast about Symbol PAXG on 7/13/2025

Ahmad_Fxbeast

🟣 Current Market Behavior Price has reached a resistance zone around 3355–3360, previously respected as a supply area. A rejection candle or price weakness at this level is triggering a short-term bearish outlook. 🔻 Short-Term Bearish Plan Sell entry zone: 3355–3360 > Target for this sell (TP): 3320 ➤ This suggests a possible drop of around 250–300 pips from the current high. > Reason: The price is expected to make a technical correction after hitting a resistance level. 🔼 Mid-Term Bullish Plan : After reaching the 3320 support area, the chart expects a bullish reversal or continuation of the uptrend. > Buy setup target: 3395–3400 ➤ This level represents the next potential bullish wave after the correction. > Reason: The overall pattern remains bullish. The idea assumes this drop is temporary and part of a healthy pullback before the uptrend resumes. 📝 Summary: Phase 1: Sell from 3355–3360 to 3320 (correction phase) Phase 2: Buy from 3320 toward 3395–3400 (bullish continuation) Strategy combines resistance rejection + correction + trend continuation principles.Heading towards our sell tp which is 3320. After that if you find good confirmation so you can enter for buy trade.