Technical analysis by polarity about Symbol PAXG: Buy recommendation (6/26/2025)

Gold is sitting right at a critical ascending trendline support—this could be the make-or-break level between wave continuation and deeper retracement.I have identified this as the potential end of sub-wave 2 of the final Wave 5. This makes the current support zone a high-probability long entry—as long as it holds.📈 Bullish Scenario: Sub-wave 3 KickoffIf support holds, we likely begin Wave 3 of 5, which is typically the strongest and fastest-moving wave.Look for:Breakout above the previous minor high to confirm impulse.Increasing momentum / bullish RSI divergence.Volume confirmation, if available.Target: A move past recent highs, potentially up toward $2,475–$2,500, depending on wave length projections.📉 Bearish Scenario: Breakdown to Fib RetracementsIf the trendline breaks decisively:Expect a retest of the 0.5 to 0.618 Fibonacci retracement from the previous major swing low to the recent high.This would align with Wave 2 or a complex correction structure.Key Support Zones:0.5 Fib ≈ ~$2,2850.618 Fib ≈ ~$2,250Watch for price action behavior and wick rejections in that area—those will give you clues for a potential bullish reversal.🌐 Fundamental + Intermarket ThoughtsYou're thinking very well here with capital rotation logic:S&P 500 (ES) is likely in a Wave 5: If true, a correction in equities could free up capital and drive risk-off inflows into gold.Two likely macro triggers:ES reversal after ATH retest → Hedges start shifting to gold.Immediate correction in ES → Faster rotation into safe havens like gold.Watch the DXY and 10Y yields—if they weaken, that could also fuel gold's breakout.My trading plan: Long Entry - Price holds support and starts bouncing with strengthBelow trendline (tight SL ~$2,300)~$2,475–$2,500Wait/Short Bias- Trendline breaks cleanly, closes below on 4H/Daily—Look for long setup at $2,285–$2,250 zone