Technical analysis by for_forexit about Symbol PAXG: Sell recommendation (8/27/2025)

In the graph, a clear 5 wavy impulse structure seems to be completed: 1️⃣ Wave 1 → First Updating Movement 2️⃣ wave 2 → a short correction 3️⃣ wave 3 → The most powerful trend wave (high momentum) 4️⃣ wave 4 → Horizontal consolidation/correction 5️⃣ wave 5 → The last rise wave formed the hill Following this 5, the price has begun an ABC correction in accordance with Elliott rules: (a) Wave → First hard retreat (B) Wave → Upward response (FIB up to 0.5–0.618) (c) Wave → downward continuation potential 📍 Critical Regions: (B) The wave was tested at the level of 0.618 Fibo (around 3396). If the scenario works, the target of the (c) wave can be 3390 -3380 band and then -1,618 projection (around 3377). If the 3397–3400 zone (FIB 0.786 and Tepe Zone) above are broken above, this correction will be canceled and a new impulses arises. 📌 Summary: After a 5 waves completed in Gold, ABC correction is seen B wave. (c) The target of the wave can be the downward 3390–3380 support zone. The closing of over 3400 disrupts this scenario.