Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol PAXG: Buy recommendation (18 hour ago)

Entry Point Zone: ~3,323.45 USD Stop Loss Zone: ~3,318.40 USD Target Point (Take Profit): ~3,377.70 USD Current Price: ~3,336.91 USD 🧠 Technical Outlook: Chart Pattern Observed: Multiple swing lows and highs highlighted by orange circles. Formation of a descending wedge, followed by a breakout to the upside. Price retracing back to a support zone, suggesting a potential bullish continuation. Support Zone: A strong horizontal support zone is highlighted in purple around the 3,318.40–3,323.45 area. Price recently bounced from this region multiple times, indicating buyer interest. Risk-Reward Setup: Entry near 3,323.45 with a stop loss at 3,318.40 gives a tight risk. Target at 3,377.70 offers a 1.6% upside, yielding an R:R ratio greater than 1:5, which is highly favorable. Indicators: The 50 EMA (red) is attempting to curve up. The 200 EMA (blue) shows some flattening—price is currently oscillating near it, hinting at potential breakout pressure. ⚠️ Conclusion & Strategy: The chart suggests a bullish bias with a potential long trade from the 3,323.45 zone targeting 3,377.70. The structure and breakout above trendline resistance support the idea of trend reversal or bullish continuation. Key watch: If price holds above 3,323, the trade remains valid. Break below 3,318.40 would invalidate the setup.