Technical analysis by Elliotwavesglobal about Symbol PAXG: Sell recommendation (6/16/2025)
https://sahmeto.com/message/3601661

Elliotwavesglobal
Rank: 30345
Analytical Power:
1.3
XAUUSD Elliotwaves update: Is wave 4 complete?
Sell
Price at Publish Time:
$3,407.53

On our previous view we were expecting a wave c to the upside that will complete wave B of higher degree. It looks like wave B is completed with an ending diagonal. Now what I am anticipating is price to drop to complete wave 4 in higher degree. However, if wave 4 is complete then the move up might be a leading diagonal for wave 1 of 5. But all in all the the current bias is to the downside and therefore to take advantage of the move to the downside one should find areas where price will find resistance for a possible sell opportunity.
Source Message: TradingView