Technical analysis by EWaveInsights about Symbol PAXG: Sell recommendation (5/30/2025)

I’ve marked a bearish breaker block on the 1-minute chart (3,316–3,319), also visible on the 15M timeframe.✅ Last bullish push before the sharp downside breakout.✅ Price retested this zone, wicked through it, and then sold off aggressively — reinforcing bearish order flow and the potential for deeper downside.I’m tracking this move as the final C wave of an ABC corrective pattern.✅ The C wave started from the 3,319 high and is unfolding in a 5-wave substructure.✅ 1-Minute breaker block around 3,316–3,319 — I’m watching for rejection here, which aligns with the 0.618 Fib retracement as an estimated end of wave 2.✅ My current expectation: wave (3) and (5) of C could extend lower to the 3,256–3,202 zone.🧩 Key Confluences:Bearish breaker block rejection15M downtrend structure remains intact#XAUUSD #gold #forex #elliottwave #bearishbreakerblock #orderflow #priceaction