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

First, we will analyze the five Ichimoku lines. Then we will proceed to analyze time, wave, and price theory. Currently, a Death Cross has occurred in gold, which indicates a potential upward movement in the market. Additionally, all five Ichimoku lines are showing an uptrend. From point A to B, there are 11 candles, which is 2 more than the 9-period Kijun-sen, suggesting a slightly extended move. At present, the market has completed 17 candles, which corresponds to the Kijun-sen number, so a retest may occur. After the retest, the market may continue upward again. Currently, the market is in an N-wave pattern, so the next target price for gold is calculated as: A = 3452, B = 3245 C = A + (A - B) = 3659