Volume surged 3.8-fold over $PAXG 1 hours, up 0.47%, with the current price at 4186.56.
When I assess a volume surge, I look at two things: how large the volume is and where the price settles during the surge.
Technically, this move should be viewed alongside the four-hour structure; anomalies on shorter time frames are easily corrected.

Just a note on market conditions—please make your own trading decisions.