Technical analysis by discobiscuit about Symbol PAXG: Buy recommendation (3/22/2025)

Bullish case for XAUUSD.This count has price in wave 5 of (3) of ((5)).Based on how price has responded to the pitchfork drawn, I am anticipating the upper boundaryto see profit taking and be the end of wave (3). Measured moves with Fibonacci could have price challenge $3300-3350 area if upper boundary is not resistance.Anticipated wave (4) to be a zigzag down towards $2600 (recession in 2025?).If all this plays out, I would expect wave (5) of ((5)) to be quite exaggerated (think 1976-1980's 773% increase), with target north of $10k by 2030.