Technical analysis by PIPSXTRACTOR about Symbol PAXG: Sell recommendation (2/1/2025)

- Overextended ATH of 2817 reached due to fundamentals and policy uncertainties.- Weekly TF wave count seems like correctional wave (b) has ended, starting the move for wave (c). -Start of Wave (c) which could potentially test golden fib ratio of 0.618 (approximately $2480) or if markets chooses to test 0.786 levels, prices could lower extend to the 2400 region. - Once this is reached, next move to $3200-$3400 could be on the cards given the upward sloping trend line maintaining the clear bullish trend for the rest of this year. - Another confluence would be reducing demand from ATH prices sparking heavier supplies at the top causing a sell off to reach target of wave (c). Let me know your thoughts!