Technical analysis by Elliotwavesglobal about Symbol PAXG: Buy recommendation (4/16/2025)
https://sahmeto.com/message/3421501
Elliotwavesglobal
Rank: 30345
Analytical Power:
1.3
XAUUSD update: Are done with this bullish cycle?
Buy
Price at Publish Time:
$3,326.11
Profit Target:
(+2.22%)$3,400
Stop Loss Price:
(-0.78%)$3,300
Given the current wave structure looks like we are yet to complete the bullish phase. Now I am expecting a short term pullback for lower degree 4th wave where I expect price to find support at 50% fib then continuation to the upside. Overall we are bullish but we should expect periods of price to pullback to gain momentum.
Source Message: TradingView