Technical analysis by Nabi_Gunduz about Symbol PAXG on 7/23/2025

In order to continue its rise, the price attached to the medium level of the Fibonacci channel drawn according to the last wave structure in the daily time period is required to make a daily candle closure above the 10 %deviation level seen with faded gray lines. This level is 3453 for 24th Thursday, July 24th. Considering that the previous peak level is 3451.17, the upward refraction of the mid -level of the channel can allow the price to move into a new zone movement. On the other hand, the daily candle closure that may be below the FVG region with a range of 3383-3361, which is seen just below the price, can trigger the start of a new decline movement ...