Technical analysis by ew_17i about Symbol PAXG: Buy recommendation (7/23/2025)

Gold is currently moving within a Wave 3 structure, which is typically the strongest and most impulsive wave in Elliott Wave theory. The overall trend remains bullish, with the next potential upside target around 3450. However, to optimize entry points and manage risk effectively, traders should wait for a clear buy signal on the 1-hour (1H) timeframe. Once confirmed, this could present a strong opportunity to buy in the direction of the prevailing trend. Stay disciplined, manage your capital wisely, and follow market developments closely!