Technical analysis by muraatboyraz about Symbol PAXG on 12/18/2024

The price is stuck in a certain area, unable to make new highs or lows. I think this structure has turned into a triangle. We are currently dealing with the D wave of the triangle structure. An E wave can be expected after the D wave, as I described. If such a structure forms, I have shown the game plan on the chart. The areas we need to follow should be the B and C levels of the triangle. Even in needles that will be thrown below the C level, the count will take a different form. This level should be taken into consideration in the transactions to be taken. Although the 4th wave correction patterns are boring, it seems inevitable that we will make an attack for the 5th wave at the end. When we follow it synchronously with Silver ( XAGUSD ), the most logical count seems to be like this.