Technical analysis by ElliotXSolana about Symbol PAXG: Sell recommendation (7/22/2025)

XAUUSD ✅ We’ve most likely completed our (Circle) Wave ⑤, and are now entering the first corrective wave of an ABC pattern (marked in 🟡 yellow brackets). 🔹 The (A) wave unfolded as a clean white ABC correction – textbook structure, worked out perfectly. 🔹 From (A) to (B) we saw an impulsive move (likely a 1-2-3-4-5, though not labeled). 🔻 From (B), a strong bearish move broke right through our 🔴 ascending trendline, signaling a potential trend reversal. 👉 We’ve likely completed wave 1 of the new downtrend and are now in a corrective move upward, forming yellow wave 2: 🟡 (A) – (B) – (C), with the (B) once again forming an internal ABC structure. 🎯 We’re now watching for the completion of wave C – this will complete yellow wave 2. 📐 The target zone (TP) lies in the yellow Fibonacci retracement area, with a key level at the 78.6% retracement (marked in white). 🛑 Stop Loss should be placed above the 4-month zone, or just above wave (B). 📊 The Take Profit will be more precise once the top of wave C is confirmed – but expect it to align closely with the 🔵 Fibonacci extension zone.