Technical analysis by SignalsProvider about Symbol PAXG: Buy recommendation (5/16/2024)

📈 XAUUSD Long Setup 📈 I'm identifying a potential long opportunity on XAUUSD based on Elliott Wave analysis. 🔍 Wave Analysis: We’ve completed waves (1), (2), and (3) with a recent low at the end of wave (3). Now, I'm anticipating a corrective wave (4) which is expected to retrace to the 0.382 Fibonacci level around 2385.187. 🎯 Target: Entering long around the 2385 level aiming for the continuation of the uptrend into wave (5). Keep an eye on the retracement level and confirmation signals before entering the trade. 🚀📊Trade closed: target reached