Technical analysis by JWagnerFXTrader about Symbol PAXG: Buy recommendation (5/15/2025)

Gold's decline to today's low has satisfied the minimum requirements to consider the correction over.The April to May decline corrected in a double zigzag labeled ((w))-((x))-((y)). There are 3 geometric relationships pointing to today's low as an important bottom.1. Wave ((y)) was equal to wave ((w)) at today's low, a common wave relationship.2. Additionally, wave (c) of ((y)) was 61.8% times wave (a) of ((y))...another common wave relationship.3. Lastly, the previous all-time high from early April clocks in at 3,167...the broken resistance acts as new support holding up prices.The runway is cleared for gold to take off to new all-time highs again.In the unexpected event of a decline below today's low, the next cluster of wave relationships appears near 2,950.