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Technical analysis by Elliotwavesglobal about Symbol PAXG: Sell recommendation (5/22/2025)

https://sahmeto.com/message/3540440
Elliotwavesglobal
Elliotwavesglobal
Rank: 1222
2.7
Sell،Technical،Elliotwavesglobal

XAUUSD have been in uptrend for sometimes now with small pauses on the way. Given the current wave count we are clearly on corrective wave 4. The question is, is the correction completed or should we expect a further push to the downside? One of the possibilities is that the precious metal is making a complex correction WXY and currently we are bullish to complete wave X before resuming the decline for 4th wave completion.

Translated from: English
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Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$3,303.87
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