Technical analysis by ElliotXSolana about Symbol PAXG: Sell recommendation (7/10/2025)

XAUUSD We are currently in an upward correction on the 4H chart, developing within an ABC structure from Wave 1 into Wave 2. ✅ Wave A has already been completed. 🔁 Wave B is most likely in place – though I've also marked an alternate yellow B if the white one fails. ⚡️ We’ve seen the first impulsive push up, which I label as a smaller Wave 1 within B. 🔄 Now expecting an ABC pullback into the smaller Wave 2. 📐 The Fibonacci retracement zone (white box) marks the key area for this correction. 🎯 Blue lines inside the zone are my targets for Wave 2. If the structure holds, we should see a clean 1-2-3-4-5 move in Wave B toward Wave C – completing the higher-degree Wave 2. After that, I expect bearish momentum to take over again.