Technical analysis by Alejandro913 about Symbol PAXG: Buy recommendation (2/1/2025)

This analysis presents a detailed Elliott Wave count on the monthly chart of Gold/USD with Fibonacci extension levels for key price targets.Wave Structure:The chart follows a classical 5-wave impulse structure (I to V).Wave V is currently forming with possible subwave developments marked (1, 2, 3, 4, 5).Fibonacci Key Levels:100% ($2,529) — initial projection target127.2% ($2,778) — intermediate resistance161.8% ($3,095) — dominant bullish extension target261.8% ($3,019) — extended bullish zonePotential Price Movement:A correction near $2,550 aligns with the Fibonacci 161.8% retracement, followed by a rally to complete wave V.Long-term resistance and liquidity zones highlighted around $3,095.Use this projection for long-term trading strategies. Fibonacci and wave alignments may guide stop-loss placements or profit-taking points. Keep an eye on corrections near wave 4 zones for confirmation before further bullish continuationt.me/+OrHwACfjBpNhMzRk As you can see, we have made huge profits recently by trading gold and Bitcoin. If your account is losing money and you want to recover your losses, you can contact me. No matter how much money you have, I can help you! Click to join us: t.me/+OrHwACfjBpNhMzRk