Technical analysis by teconlab about Symbol PAXG: Buy recommendation (6/27/2025)

Hi Traders,The recent price action of XAUUSD has been a bit complex, but I hope this idea turns out to be profitable for everyone.Feel free to share your thoughts if you see anything differently.What I find most interesting is the entry zone around 3247–3245. If we take the wave count starting from May 15, 2025 (3120.76) and consider wave 5 to be completed on June 15, 2025 (3451.52), then wave 2 should ideally retrace to around 3247.On top of that, wave C of wave 2 seems to follow a clean 1–2–3–4–5 structure. If we treat the current move as a downtrend, wave 5 would likely complete right at 3247, which I find both accurate and technically compelling.I'll be watching 3247 closely and plan to go long from there.I’ll share the updated version of the signal shortly.