Technical analysis by mamnunamalik about Symbol PAXG: Buy recommendation (11/6/2024)

Dear Traders, Gold price is in correction and forming wave (iv).After that it will lead an impulse wave (v) which will be our priority to open position.If the price does not break the High of "B" within 15 bars in 4 hour chart, then we will consider this move as "X" That means blue (abc) will become our first correction wave ''W'' So it will lead to double correction then.Seems like price is forming a double correction pattern.I have closed my long position yesterday. I will update a new correction draft today.