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Technical analysis by NEoWave-Chart about Symbol PAXG: Buy recommendation (9/3/2025)

https://sahmeto.com/message/3751612
NEoWave-Chart
NEoWave-Chart
Rank: 243

Gold Forecast 2025: Expert NEoWave Analysis

Buy
Price at Publish Time:
$3,554.18
Buy،Technical،NEoWave-Chart

We previously mentioned that wave-(E) itself is forming a diametric pattern, and we considered wave-g of (E) to be a double pattern with a small X-wave. However, wave-b of the X-wave pattern has exceeded the allowable time range, and the current wave we are in shows similarities in terms of time and price with waves (b)-(d)-(f). Conclusion: Based on the points mentioned above, it appears that wave-(E) of the higher-degree diametric is transitioning into a symmetrical pattern, and we are currently in wave-(f) of this symmetrical pattern. Wave-(f) of the symmetrical pattern is forming a bow-tie diametric, and wave-f of this bow-tie diametric is not yet complete. This wave could complete in the price range of $3,540 to $3,740, followed by a price correction to the $3,460–$3,380 range, and then a move toward the target of $3,900–$4,050. Under normal circumstances, after reaching the $3,900–$4,050 range, we would expect wave-(F) of the higher-degree diametric to form. However, given the unusual global economic conditions and geopolitical issues, we may need to update our analysis, and it might not proceed as expected. For now, our final target remains $3,900–$4,050. Good luck NEoWave ChartGold touched $3700 Since I posted this analysis it has grown by 3785 pips (11%) and I have been saying that any correction in gold is a buying opportunity. ⚠️From here, I expect a short-term price correction and then a move to $3900-4050, meaning I have no buying offer at this price (the decision to sell is up to you). ⚠️ If a price correction occurs, we can buy again for the mentioned targets. ⚠️ Note that in my opinion, gold is still bullish in the long term.

Source Message: TradingView
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