Technical analysis by Moriss365 about Symbol PAXG: Buy recommendation (1/8/2026)

Market Structure Overall bias: Bullish Price previously respected a rising channel, making higher highs and higher lows. The recent move is a healthy pullback, not a trend reversal yet. 📉 Current Price Action Price has broken below the minor ascending channel, indicating short-term weakness. However, it has now reached a strong demand/support zone (red shaded area). The latest candles show reaction at support, suggesting buyers are stepping in. 🟩 Support & Resistance 🔴 Support Zone Key support: ~4,360 – 4,400 This area previously acted as: Consolidation Breakout base Demand zone As long as price holds above ~4,360, bullish structure remains valid. 🟢 Resistance / Target Target area: ~4,500 – 4,505 This aligns with: Previous swing high Liquidity resting above highs Marked “TARGET POINT” on your chart 📊 Trade Idea (As Illustrated) Bias: Buy the dip Entry zone: Around 4,400 – 4,420 Stop loss: Below 4,360 Take profit: 4,500+ Risk–Reward: Favorable (roughly 1:2.5 or better) ⚠️ Invalidation A clean break and close below 4,360 would: Break the higher-low structure Open downside continuation toward ~4,300 Invalidate the bullish setup 🧠 Summary ✔ Bullish trend intact ✔ Pullback into strong support ✔ Good risk-to-reward long opportunity ❗ Wait for confirmation (bullish candle / rejection) at support