Technical analysis by Hellena_Trade about Symbol PAXG: Buy recommendation (5/22/2025)

Colleagues, Last time, I suggested that the five-wave movement was not yet complete. It seems that this is indeed the case.Wave "5" of the higher degree is unfolding, and I expect the price to reach the resistance area around 3439.37, which marks the top of wave "X".Within the smaller five-wave structure, I believe wave "3" is currently in progress.A correction toward the 3248.38 area is possible.Manage your capital correctly and competently! Only enter trades based on reliable patterns!Colleagues, now the price is in an upward movement towards the target and I believe that when reaching the level of 3366 we should set trades to breakeven. There is a high probability that the correction is not over and the price will still reach the 3248 area. But at the moment I expect the upward movement to continue.Colleagues, just like the euro, the gold price has reached the support area at 3248.38 and I am now starting to look at long positions. Here we have completed the formation of the small wave “4” and this means that we need to work with pending limit orders.I expect that this week wave “3” will continue the upward movement and will update the level of 3360 - this will be a confirmation of the upward movement.