Technical analysis by fxt8 about Symbol PAXG on 7/29/2025

🧠 Clean Price Action Outlook – Patience Until the Range Breaks Currently, price is consolidating between 3319.97 (resistance) and 3302.27 (support) a well defined short-term range that’s been respected multiple times. Both levels are holding firmly, with wicks and reactions showing that buyers and sellers are actively defending these zones. Right now, I'm not interested in trading inside this chop zone there's too much noise and no clear directional conviction. My focus is on waiting for price to break cleanly out of the range with confirmation. 📈 Bullish Scenario (Buy Plan): If price breaks and closes above 3319.97 on the 30-minute timeframe, that would be the first sign of bullish strength. Ideally, I want to see: A strong bullish candle close above 3319.97 Follow-through in the next candle (not a fakeout or wick trap) Volume pickup or price holding above the level during retest 📍 If this happens, I’ll look to enter long trades on confirmation, with a potential target around 3325.81, which is the next minor resistance. SL would ideally be placed just below the breakout candle or the breakout zone itself depending on the price structure at the time. 📉 Bearish Scenario (Sell Plan): On the flip side, if price breaks down below 3302.27 and closes below it on the 30-minute chart, that opens the door for shorts. Here’s what I want to see: A full candle body close below the level (not just a wick spike) Possibly a retest + rejection of 3302.27 from below Weak price action around the level confirming sellers are in control If that plays out, I’ll consider short entries with an SL above the structure (around 3304+), and a first target around 3296.00, where there’s minor demand. ⚠️ Until Then – No Trade Zone Until we get a confirmed breakout, I’m staying out. No point guessing which side will win the market will show us.