Technical analysis by WavePoint_FX about Symbol PAXG: Buy recommendation (7/22/2025)

🔍 The momentum analysis • Daily timeline (D1): The momentum enters the area of purchasing saturation, which indicates the possibility of a reflection during the upcoming two candles. However, the current rising trend - it is necessary to wait for the D1 candle to be closed tomorrow to confirm the direction. Entering the purchasing sail area is an indication of the weakness of the ascension. • The time frame is 4 hours (H4): momentum in a decline. Unless a strong climb closed over 3391, the price is expected to continue the side move or landing today. • One hour timeline (H1): There are indications of an upper reflection. If the price maintains a level of 3385 and closes above 3391 with a strong upward up, this may be an appropriate opportunity to enter a short -term purchase deal. 🌀 Update the structure of Elliot waves • The price is currently moving accidentally within the 3390 - 3402 range, which is a critical area that requires accurate monitoring. • The level of 3380 is an important warning area, and it corresponds to the level of Fibonacci 0.382 for the wave (3). If the price is closed without this level, this may indicate that the current movement is corrective, not the fourth wave. • There is a FLAT ABC correction form currently formed, and the 1.618 extension goal has been reached at 3385. • If the price decreases below 3360, it will interfere with the previous 1 wave, which cancels the scenario of the driving wave. In this case, the situation should be reassessed as part of a large ABCDE triangle model. 🔗 Mensing between momentum and wave structure • There are signs of a bullish reflection on the H1, but the momentum on H4 is still beating. Unless a strong candle closed over 3391 to force the momentum on the H4 to reflect, the price may continue to move sideways or down until the H4 enter the salesly saturation area. • The safest strategy: Waiting until the momentum on H4 enter the sales -saving area before thinking about a purchase. • The expected area for the price recovery is between 3382 - 3380. 📈 proposed trading plan Buy Zone: 3382 - 3380 • Stop loss (SL): 3372 • Goal 1 (TP1): 3402 • target 2 (TP2): 3412 • Terminal 3 (TP3): 3428