Technical analysis by ElliotXSolana about Symbol PAXG: Sell recommendation (7/8/2025)

XAUUSD 📊 Elliott Wave Analysis (Overview)🔹 Primary Structure: We're currently moving from white Wave 3 into white Wave 4.🔹 Wave 4 Breakdown: So far, Wave 4 is developing as a typical ABC corrective pattern. Waves (A) and (B) (in brackets) have already been formed.🔹 Wave (B) Internal Structure: Wave (B) is unfolding as an impulse: we’ve completed Bracket 1, Bracket 2, and we’re now on the way into Bracket 3. Within Bracket 3, we've already built a yellow Wave 1 and a potential yellow Wave 2.🔹 Current Market Condition: For the bearish scenario to stay valid, we must remain below the red trendline. If we break above the red trendline, then yellow Wave 2 would likely extend higher and complete itself inside the red Fibonacci zone — making the correction deeper.🎯 Target Zones: Targets for yellow Wave 3 and the broader Bracket 3 are already displayed on the chart. However, these targets can still be adjusted depending on how price unfolds in the coming sessions.