Technical analysis by Money_Dictators about Symbol PAXG on 6/9/2025

XAU/USD has completed a classic five-wave impulsive structure to the upside, followed by a clear ABC corrective phase. The price action shows that wave (5) has topped, and the market has since retraced through a three-wave ABC correction inside a well-defined descending channel. Currently, wave C appears to have found support right at the lower trendline of the broader ascending structure, signaling a potential completion of the correction and the beginning of a new bullish impulse. The reaction from this level is strong, suggesting that buyers are stepping in to drive the next leg higher Wave Count: 5-wave impulse up, followed by ABC correction Structure: Wave C completed at key channel support Momentum: Bullish recovery expected if price holds above recent swing low T1: 3332.268 T2: 3354.078 SL: 3289.400BOTH TARGETS ARE REACHED