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Technical analysis by ForexFox_SA about Symbol PAXG: Buy recommendation (6/7/2025)

https://sahmeto.com/message/3582847
ForexFox_SA
ForexFox_SA
Rank: 1116
2.6
Buy،Technical،ForexFox_SA

It seems, we have finished a 5 wave impulse and an ABC zigzag type correction. In wave theory, A-B-C correction which is a Zig-zag type correction takes back the %61.8 lenght of the previous impulse. Please check where the price closed today. EXACTLY 0,618 (%61.8) fibo retracement level of the previous impulse. Therefore, it is not a good idea to go for short if there is not a price close below 3305 in 4hrs chart on Monday.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$3,380
Stop Loss Price
$3,305
Price at Publish Time:
$3,336.41
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