Technical analysis by herdityawicaksana about Symbol PAXG on 4/7/2025

Currently, I foresee two possible scenarios for XAUUSD. In the more optimistic scenario (black label), the recent correction is assumed to be wave ii of wave (v), which suggests that XAUUSD still has the potential to strengthen toward the 3,177–3,306.However, attention should also be given to the bearish scenario (red label). If XAUUSD fails to break above the 3,167 resistance level, it is likely that wave 3 has already been completed, and the current movement is part of wave 4. In this case, XAUUSD may decline toward the 2,489–2,832.XAUUSD is now expected to undergo a short-term correction toward the 3,272–3,315 range. In the best-case scenario, the uptrend may resume with a potential test of 3,373. A more detailed update on the latest scenario will be provided shortly.