Technical analysis by WavePoint_FX about Symbol PAXG: Buy recommendation (7/15/2025)

🟢 Update the deal The purchase deal has been activated from the 3342 - 3340 region at 3341. So far, the price has increased by about 140 points, and it is still moving within the previously expected scenario. 📊 The momentum analysis Daily timeline (D1): momentum in the purchase area, and there are intersections between the index lines, indicating a possibility of reflection in the daily term. The time frame is 4 hours (H4): After the price decreased from 3377 to 3342 during 6 descending candles, the momentum began to shift to the rise. Two candles have emerged so far, and we expect an additional 3 to 5 ascending candles, with a 3390 area targeting. 🌀 Update Elliott Wave Temple The price is currently approaching the end of the ABCDE. There is a potential scenario: The first scenario - the continuation of the correction in the form of a triangle: If the price returns to the bottom of the triangle, this is likely to be the E wave, which provides an excellent opportunity to enter a purchase. The second scenario - extension of the fifth wave: The current price structure shows a driving wave made up of 5 waves, as the fourth wave seems to have ended and the fifth wave has started. The potential target of wave 5 is located at the resistance area 3398 - 3402. After the fifth wave is completed, the market may enter into a corrective movement that corresponds to the hypothesis that the wa Lave ends in that region. 🔔 If the price penetrates the level of 3402, it is possible that the ABCDE correction movement has ended, and the market begins a new emerging driving wave. 🎯 Trading plan Selling Zone (Sell): 3396 - 3398 ⛔️ Stop loss (SL): 3406 🎯 Goal 1 (TP1): 3376 🎯 target 2 (TP2): 3327 Buy: 3295 - 3293 SL: 3285 TP1: 3327 🎯 tp2: 3365 🎯 tp3: 3402 ✅ Note: It is preferable to wait for confirmation of price movement and momentum indicators before entering any deal of these areas.