Technical analysis by Moriss365 about Symbol PAXG: Buy recommendation (1/2/2026)

Market Structure Overall bias: Short-term bullish continuation after a corrective drop. Price experienced a sharp bearish impulse (strong sell-off), then moved into consolidation and base building. The recent push upward suggests a higher low has formed, indicating buyers are regaining control. 🟩 Support Zone (Demand) Marked support area: ~4,337 – 4,360 This zone acted as: A reaction base after the sell-off Multiple candle rejections → strong buying interest As long as price holds above this zone, bullish structure remains valid. 🔴 Resistance / Target Area Major resistance / target: ~4,448 – 4,452 This level aligns with: Prior supply / breakdown area Likely profit-taking zone for longs Expect selling pressure or consolidation if price reaches this level. 📈 Trade Idea (Based on the Chart) Bullish continuation setup Entry: Above 4,371 (confirmed breakout & hold) Stop loss: Below 4,337 (support invalidation) Target: 4,448 – 4,452 Risk–Reward: Favorable (roughly 1:2+) ⚠️ Invalidation Scenario A strong 4H close below 4,330 Would break the support zone Opens downside toward 4,300 → 4,260 Bullish idea becomes invalid 🧠 Key Takeaway This chart shows a classic impulse → correction → continuation pattern. Buyers are defending support well. Momentum favors a push toward the marked target, but expect volatility near resistance.