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Technical analysis by Elliotwavesglobal about Symbol PAXG: Buy recommendation (3/23/2025)

https://sahmeto.com/message/3372222
Elliotwavesglobal
Elliotwavesglobal
Rank: 30345
1.3

XAUUSD Elliot Waves update: Is wave 4 completed?

Buy
Price at Publish Time:
$3,051.92
Profit Target:
(+1.58%)$3,100
Stop Loss Price:
(-1.05%)$3,020
Buy،Technical،Elliotwavesglobal

Given the current wave structure we are on 4th sub-wave. The question is whether the correction is completed or we should expect price to retrace lower to fib 38.2. The lower time frame shows high probability of retracing lower to at least to 38.3 fib. A trader who wants to take a continuation trade need confirmation of the bullish momentum.

Source Message: TradingView
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