Technical analysis by M_Gheysvandi about Symbol PAXG: Sell recommendation (2/13/2025)

Hello friends, We are witnessing a 5-wave impulse pattern on the gold chart. Waves 1 to 5 have been completed and a zigzag of the subsequent waves has also been completed. Now we need to check what will happen. Usually, after each Sharpe growth, a deep correction will also occur. All the 5 main waves have been identified and have occurred, and I would expect a correction. Given that a zigzag wave has occurred in the correction, we can expect a triangle or most likely an Expanded Flat. An Expanded Flat has a 3_3_5 structure, with wave C extending and growing to 161.8 times the length of wave A. This structure consists of 2 zigzags in the majority of waves A and B, a 5-wave in the majority of wave C. If the bottom formed by wave A is broken, a sell trade can be entered. The price target is the range of $2,750 and then $2,720. Be successful and profitable.