Technical analysis by MAKFX21 about Symbol PAXG: Buy recommendation (3/24/2025)

Current Market Structure & Elliott Wave Count Wave 3 Completed near 2050+ (Key Resistance) Wave 4 Correction Ongoing, currently testing 3006 - 2990 Wave 5 Expansion Potential if price holds support & reverses upward Key Levels & Trading Zones Major Resistance: 3080 Resistance: 3050 Pivot Zone: 3030 Mid-Level Control: 3010 Strong Support: 2990 Major Support: 2970 Breakdown Level: 2950 Ultimate Support: 2900 Trading Strategy & Execution Plan Bullish Scenario (Wave 4 Completion & Wave 5 Start) 📌 Long Entry: Buy at: 2990 - 2970 Stop Loss (SL): 2960 Take Profit (TP1): 3030 Take Profit (TP2): 3050 Take Profit (TP3): 3080 🎯 Probability: 80% (If price finds support above 2990) Bearish Scenario (Wave 4 Deeper Correction or Reversal) 📌 Short Entry: Sell at: 3030 - 3050 (Wave 3 High Rejection) Stop Loss (SL): 3060 Take Profit (TP1): 3010 Take Profit (TP2): 2990 Take Profit (TP3): 2950 🎯 Probability: 70% (If price rejects 3050 resistance) Final Thoughts & Risk Management ✅ Bias: Bullish above 2990, Bearish below 2970 ✅ Risk/Reward Ratio: 1:3 for Both Scenarios ✅ Volatility Factor: Watch US Dollar Strength & Gold Fundamentals