Technical analysis by fxprecisiontrading about Symbol PAXG: Sell recommendation (6/11/2024)

We are currently in the 5th wave down on XAUUSD. According to Elliott Wave Theory, the minimum extension for wave 5 is expected to be at least equal to the length of wave 3.The 5th wave didnt extend to where i needed it to go! we willl revise and look for a ABC pattern for longs!