Technical analysis by MrStellanSight about Symbol PAXG: Buy recommendation (23 hour ago)

The chart clearly shows a bullish channel formation — price moving upward between support and resistance trendlines. Current price: 3,997.055 USD Target: 4,051.231 USD NIFTY1! NIFTY1! CRUDEOIL1! GOLD1! NATURALGAS1! SILVER1! SILVERM1! FINNIFTY1! 🔹 Key Observations 1. Support Point (Buy Zone): The highlighted support area around 3,960–3,970 USD has been tested multiple times. Each test resulted in a strong bounce, confirming this zone as a solid base for buyers. 2. Resistance Zone (Target Level): The upper boundary of the channel, near 4,051 USD, is labeled as the resistance target signal VIP — indicating a likely profit-taking zone. 3. BOS (Break of Structure): The label “BOS” marks a bullish structural break, meaning the market shifted from a downtrend to an uptrend continuation. This confirms buyers are in control. 4. Trend Direction: The overall trend is upward (higher highs and higher lows). The market is currently in a retracement phase, pulling back to the lower trendline support before the next bullish impulse. 5. Buy Reaction Zone: The green arrow shows the ideal area for a new buy entry, expecting a rebound toward the resistance. This aligns perfectly with the target zone at 4,051 USD. 📈 Expected Price Movement Price may dip slightly to 3,970–3,980 USD, touch the support, and then rise back to the target 4,051 USD. This aligns with the BUY setup shown on the chart. ✅ Conclusion Signal Type: Bullish continuation Entry Zone: 3,970 – 3,985 USD Target: 4,051 USD Stop Loss: Below 3,945 USD Bias: Strong Buy (structure and channel both bullish) If Support Breaks If price falls below 3,960 USD, it would invalidate the bullish channel and could signal a short-term correction.