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

Current Market Structure & Elliott Wave CountWave 3 Completed near 2050+ (Key Resistance)Wave 4 Correction Ongoing, currently testing 3006 - 2990Wave 5 Expansion Potential if price holds support & reverses upwardKey Levels & Trading ZonesMajor Resistance: 3080Resistance: 3050Pivot Zone: 3030Mid-Level Control: 3010Strong Support: 2990Major Support: 2970Breakdown Level: 2950Ultimate Support: 2900Trading Strategy & Execution PlanBullish Scenario (Wave 4 Completion & Wave 5 Start)📌 Long Entry:Buy at: 2990 - 2970Stop 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): 2990Take 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