Technical analysis by ElliottWaveFxMajors about Symbol PAXG on 5/14/2025

Current price action is unfolding in a 5-wave bearish structure wave (1) of ((3)) with wave ((V)) of 3 in progress.A corrective ABC structure completed near the CISD zone.Wave 3 extends to the 3.618 Fibonacci projection (~3,148), with wave 5 targeting a support block near 3,120–3,130.Anticipated short-term retracement for wave 4, followed by one more impulsive drop into demand.Indicators:RSI shows consistent bearish momentum with room for divergence.