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

Elliott Wave Analysis – XAUUSD | 1H TimeframeAs previously mentioned, the main bullish move in gold appears to have come to an end, and we are now in a corrective phase. The current wave structure clearly suggests a high probability of a zigzag correction—a three-wave pattern that often follows a strong trend.This correction could potentially push prices lower before gold regains bullish momentum. During this phase, traders should proceed with caution, as corrective moves can often be deceptive and volatile.#XAUUSD #GoldAnalysis #ElliottWave #ZigZagCorrection #TechnicalAnalysis