Technical analysis by Midgar- about Symbol PAXG: Buy recommendation (10/13/2024)

GOLD Gold is currently enjoying a bull run, riding the Wave of uncertainty to new highs. Having qualified the ABC Elliot Wave pattern on the weekly chart, we can see that our C Wave is extending well past the A wave. This epic run is expected to culminate around the 3140 level of the 1.618 Fibonacci extension. But watch out below because as with all good things, when this wave comes to an end; Bag holders wont admit it... but there will be signs.