Technical analysis by for_forexit about Symbol PAXG on 9/7/2025

The price of gold continues in the big picture according to the Elliott wave structure clearly continues the trend of impulses. In the long -term rise trend, we are currently moving in the last section of the 3rd main wave (3). 🔻 Wave structure: 1 and 2 waves were completed. The wave continues with its expansion structure and is expected to peak at $ 3,637. Following this level, the 4th wave correction may be activated. 📦 The Blue Box Zone (3,559 - 3,4473) stands out as a 4th wave support area. 📈 Next goal: 4. After the wave is completed, the price is expected to move back to the $ 3636 -3724 band with the 5th wave rise. This region stands out as the possible peak area of ​​the long -term trend. ⏳ Summary: Under the 3rd wave is completed around $ 3,637. In the coming period, a 4th wave correction can be expected in the 3.512 - 3.436 band. Then the 5th wave with 3,636 - 3.724 target zone on the table .. As a result, I am waiting for a decline in the hourly structure after some amount to complete the point 3636 levels to the level of the rise side of the channel from a suitable place ..