Technical analysis by Midas_Calista about Symbol PAXG on 4/10/2024

Using Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are:- Conversely, sometimes wave 5 cannot extend beyond the end of wave 3. This is called truncation.- Wave 5 often extends or cuts down the trend line drawn parallel from wave 3 with the trend line connecting the start of wave 3 and wave 5.I think gold is running wave 4.