Technical analysis by muraatboyraz about Symbol PAXG on 1/14/2025

The correction pattern that has been going on since November has now narrowed considerably. I think that gold (XAUUSD) will soon be on the move for the fifth wave rise. Another micro-scale decline for the completion of wave E will make the picture much better. If it goes much deeper and violates the C zone ($2580), the count will be invalid. I have shown how my game plan will be on the chart. If the micro decline I mentioned occurs, sleeves can be rolled up for swing poses. I have shown the stop and TP levels on the chart. Provided that our stop level remains the same, new upcoming movements can be examined and changes can be made to the TP level. I will update again when the impulsive movement starts.