Technical analysis by ew_17i about Symbol PAXG: Buy recommendation (7/21/2025)

GOLD IN WAVE 3 – THE BULLISH MOMENTUM IS NOT OVER YET Gold is currently unfolding within an Elliott Wave structure and is now in Wave 3 – typically known as the strongest and most impulsive wave in the cycle. Wave 3 often brings sharp price increases, supported by high trading volume and growing market participation. Recent pullbacks may simply be internal corrections within this ongoing Wave 3, suggesting that further upside potential remains intact. From a technical standpoint, the broader trend remains bullish, and gold is likely to continue its upward trajectory in the coming sessions. Traders and investors should monitor key support zones and continuation patterns on lower timeframes to identify good entry points. However, proper risk management is essential, especially in a volatile macroeconomic environment. Conclusion: With gold in the middle of Wave 3, the prevailing trend is still upward. This is a key opportunity for medium- to long-term trend followers not to be missed.