Technical analysis by WavePoint_FX about Symbol PAXG: Buy recommendation (7/16/2025)

🔄 The momentum analysis Daily timeline (D1): momentum is currently a declining reflection, indicating the possibility of the price continuing in the descending direction or moving side effects (accidental). The time frame is 4 hours (H4): the momentum is in the event of a rise, which indicates that the current bouncing movement is still in place. There are two resistance levels that must be monitored at 3342 and 3358. 🌀 Elliott wave model The price is currently moving within a corrective approach triangle model, as it gradually narrows the scope of movement, indicating the stage of assembly in the market. It is important to closely monitor the market to determine the moment of penetration of this style. By looking at the current wave structure, the wa wave (green) is expected to have been completed, and the current descending movement is part of the wa wave (green). The proposed strategy is to wait for the price to approach the bottom limit of the triangle (extending from the bottom of the wave to the bottom of the C.), to search for a compatible support area that is an opportunity to enter the Buy purchase. 🎯 Trading and goals plan Buy Zone: 3303 - 3300 Stop loss (SL): 3290 Profit goals (TP): TP1: 3327 TP2: 3358 TP3: 3402