Technical analysis by Mentor_Michael03 about Symbol PAXG: Buy recommendation (7/23/2025)

Market Structure Overview: •The chart reveals consistent Breaks of Structure (BOS) to the upside, confirming a strong bullish market trend. •Price has successfully reclaimed and retested the strong resistance zone (~3390–3400), which now acts as new support. •A series of higher highs and higher lows show clear bullish intent, supported by sustained bullish momentum after each correction. ⸻ 📈 Volume & Price Action: •The Volume Profile (VRVP) on the left shows strong historical accumulation near the current breakout zone. •After the breakout from resistance, the price retested this zone—validating it as support—and is expected to continue its bullish leg toward $3,500, the next psychological and technical target. ⸻ 📍 Key Levels: •Support Zone: $3,375 – $3,390 (previous resistance turned support) •Immediate Resistance: $3,425 •Target Level: $3,500 (Monthly High Projection) ⸻ 📘 Educational Note: •This setup aligns with classic market structure theory: BOS + Retest + Continuation. •The pullback into the breakout zone is a textbook bullish continuation signal often used in institutional trading strategies. •Traders watching this pattern should combine it with confirmation entries such as bullish engulfing candles, FVGs, or order block rejections for safer entries. ⸻ 🎯 Projection: •As long as the price holds above $3,375, the bullish scenario toward $3,500 remains valid. •Expect possible consolidation or minor pullbacks before continuation. ⸻ 📌 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before entering the market.