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 exhaustion WHAT 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 3,000 Fails 3,000 → Drop to 2,996, then 2,985Fails 3,033 → Short to 3,009, then 3,000