Technical analysis by for_forexit about Symbol PAXG: Sell recommendation (9/7/2025)

As shown in the graph, the price has completed the 5 wavy main impulse structure. In the 3,599 region, the 5th wave peak was formed. After this level, the market seems to have entered a correction. 🔻 The expected scenario: The decline starting with a wave A may decrease to the 3,579 - 3.566 band. Then a short reaction rise with wave B can be expected. With the C wave, the correction is likely to deepen up to 3,555 - 3.545 zone. 📌 Critical fibonacci levels: 0.382 → $ 3,566 0.5 → $ 3,555 0.618 → $ 3,545 0.786 → $ 3,530 ✅ These levels should be monitored as potential regions where the correction will be completed. ⚠️ If the closures arrive below 3.530, the decline may extend to the 3.487 - 3.456 band. ⚠️ Risk / Screenplay Monitoring: If the closures below 3.530 arrive, the probability of the decline to extend to the range of 3.487 - 3.456 increases. However, if the permanence is achieved over 3.600, the current correction may be wasted and the trend may return up again. ⏳ Summary: Under the 5 wavy rise after a classic ABC correction is likely to be likely. 3,545 - 3.530 range critical support zone. The reaction movement from this region will determine the direction of the new trend.