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

🌀 Elliott waves structure: H4 at the present time, we notice that the price movement is characterized by the ABC corrective models, so I moved to the H4 timeline to reduce noise and obtain a clearer vision. Since the start of the correction from the level of 3500 and until now, we see that the entire movement consists of ABC models intertwined, instead of strong climbing movements, which is It indicates the possibility of the formation of an ABCDE (green) triangular triangular form as shown on the graph. Currently, it is likely that the price is moving inside the wa wave (in green), which consists of a WXY internal structure (in red). Trading within the corrective waves is complicated due to the overlapping of patterns, especially in light of the price pressure within the liquidity area according to the indicator. Volume Profile, so the best strategy currently is to wait until the model is clearly completed. 📉 Daily framework (D1): momentum indicators show a declining reflection signals → which indicates the possibility of side movement or a decline during this week (especially at the end of the Triangle models, where the direction is unclear due to price pressure). We have seen a strong drop candle recently, and thus the focus will be on the short -term direction until the momentum enters the saturated area (Oversold). Selling with confirmation from the Frame momentum D1 and H4. Support area 3294: The minimum high liquidity area is represented → which is a potential purchase area and an expected ending point for wave X (in red). Buy (Buy): Entry: 3295 - 3293 stop loss (SL): 3285 The first goal (TP1): 3312 The second goal (TP2): 3342 The third goal (TP3): 3390📌 Personal Note: At the present time, it is preferable to wait until the ABCDE model is completed or a clearer confirmation of the price structure. If you decide to enter into deals, it is recommended to focus on short -term deals and reduce contract size to reduce risks during this complex phase of the correction.