Technical analysis by Anna_Wade about Symbol PAXG: Buy recommendation (7/30/2025)

The Gold chart is showing signs of a potential bullish reversal after a prolonged downtrend. Bullish Wedge Formation: Price is compressing inside a falling wedge or bullish channel, which typically signals accumulation and impending breakout. This pattern suggests buyers are slowly gaining control. Smart Money Concept View: Liquidity Sweep: Recent downward move likely swept sell-side liquidity below previous lows. Accumulation Zone: Price is consolidating with tight range candles and equal lows—possibly engineered by smart money to trap shorts and fuel a bullish move. Potential Break of Structure (BoS): If price breaks above the wedge resistance and the nearby bearish order block, it could signal the beginning of a bullish leg. Trade Setup: Entry Zone: Breakout from wedge near current market price. Stop Loss : 3315 – Just below the wedge base and previous liquidity point. Take Profit : 3383 – A logical upside target, likely aligned with imbalance or prior structural high. This setup offers a favorable risk-reward for short-term buyers.