Technical analysis by NEoWave-Chart about Symbol PAXG: Buy recommendation (4/22/2025)

The higher degree diametric wave-(E) is expanding and we can consider the recent price correction that started at $3167 as a small X-wave, as a result, gold can grow as a combination pattern to the range of 3600-3800 and even gold can touch $4000.The second triangle pattern will probably be a neutral triangle or a reverse contracting triangle, where the wave-(a) triangle can end at 3500 or 3600.The factor that caused the expansion of the wave-(E) is the US-China trade war, which caused investors to rush to buy gold.As I said in the second paragraph "The second triangle pattern will probably be a neutral triangle or a reverse contracting triangle, where the wave-(a) triangle can end at 3500 or 3600." wave-(a) ended at 3500 and now wave-(b) has started.