Technical analysis by MAKFX21 about Symbol PAXG: Sell recommendation (3/18/2025)

Primary Impulse (Higher Degree) – 5-Wave Structure:1️⃣ Wave 1 → $2,800 → $2,925 (Early impulse wave, Feb 2025).2️⃣ Wave 2 → $2,925 → $2,875 (Deep pullback, strong support).3️⃣ Wave 3 → $2,875 → $3,000+ (Extended wave, strongest rally).4️⃣ Wave 4 → $3,000 → $2,950 (Consolidation correction).5️⃣ Wave 5 → $2,950 → $3,035+ (Current move, nearing completion).Wave 5 Substructure (Lower Degree – 5-Wave Internal Count)(i) Mini Wave 1 → $2,950 → $3,000 (Impulse start).(ii) Mini Wave 2 → $3,000 → $2,975 (Shallow retrace).(iii) Mini Wave 3 → $2,975 → $3,025 (Strong breakout).(iv) Mini Wave 4 → $3,025 → $3,010 (Small dip, channel retest).(v) Mini Wave 5 → $3,010 → $3,035+ (Final push, near exhaustionWHAT NEXT GOLD PLAN TO FOLLOW :A-B-C Structure (Standard Zigzag or Flat Correction)1️⃣ Wave A (Impulse Down)Initial drop from $3,035 - $3,050 (current peak).Targets $3,000 - $2,975 (first demand area).Confirmation: Bearish candle closes below $3,010.2️⃣ Wave B (Retracement Up)Likely retraces 38.2% - 61.8% of Wave A.Resistance zone: $3,015 - $3,025.Key invalidation: If price reclaims $3,035+, bearish correction weakens.3️⃣ Wave C (Final Drop – Equal or 1.618x of A)Targets $2,960 - $2,940 (measured move).Deeper correction if structure breaks → Next demand at $2,900 - $2,920.ABC Correction (Bearish 📉)If 3,033 fails as support, expect an Elliott Wave ABC retracement.✅ Wave A: Drop to 3,000 (Root Level)✅ Wave B: Retraced back to 3,033 (Failed Breakout at Tesla’s Level 3)⏳ Wave C Target: Drop to 2,996 → 2,985📍 KEY CONFIRMATION:Fails 3,033 → Short to 3,009, then 3,000Fails 3,000 → Drop to 2,996, then 2,985Fails 3,033 → Short to 3,009, then 3,000