Technical analysis by for_forexit about Symbol PAXG on 8/28/2025

In the graph, according to the Elliott count, we proceed in a 5 wavy impulse structure. Currently, the 4th wave summit is expected to fix the 4th wave and then the upper zone is targeted with a last 5th wave rise. 🔹 Wave structure 1 and 2 waves were completed. Wave 3 peaked at 3423 level. Currently 4 corrections are working, then 5 for 3423 - 3433 zone (finishing channel) is expected to rise. 👉 4. The most powerful support zone for wave is between 3408 - 3399. Return from this area can trigger the 5th wave. 🔹 5. Wave target The 3423 - 3433 band is marked as “5th wave finishing channel”. Here, the rise is likely to end and enter a new A-B-C correction. 🔹 Possible scenario The price completes the 4th wave with the support of 3408 - 3399. Move up in the range of 3423 - 3433, the 5th wave summit comes. After this region, the possibility of hanging to 3380-3370 with the A-B-C decline correction comes to the agenda.