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Technical analysis by TradingShot about Symbol PAXG on 5/22/2025

https://sahmeto.com/message/3540309
TradingShot
TradingShot
Rank: 633
3.0
،Technical،TradingShot

Gold (XAUUSD) may be on a 5-week correction but on the long-term it remains within a Channel Up since the October 31 2022 Low. That was essentially when its Bear Cycle ended and the new Bull Cycle (Channel Up) started.The previous Bull Cycle stopped 4.5 months after the Volatility Index (VIX) shown in blue, peaked during the March 2020 COVID flash crash.We are now on a similar situation as VIX topped on the week of March 31 2025 during the Trade War and has already started to decline aggressively.In symmetrical terms, we could be around the end of May 2020 on Gold's last short-term pull-back before the final rally to the August 03 2020 Top (where its Bear Cycle started).As a result, according to this correlation, we may see Gold forming a Bull Cycle Top by the end of July (2025) and then start a new +2 year Bear Cycle.-------------------------------------------------------------------------------** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **-------------------------------------------------------------------------------💸💸💸💸💸💸👇 👇 👇 👇 👇 👇

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$3,318.17
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