Technical analysis by ew_17i about Symbol PAXG on 9/18/2025

At the moment, Gold is unfolding within Wave 4 of the Elliott Wave structure. This phase is typically corrective in nature, and the current market behavior suggests a retracement toward the 361x zone. This area may serve as a key support level where the correction could complete. For short-term traders, the correction provides opportunities to take advantage of short positions while the market is still moving downward. However, it is important to manage risk carefully since corrective moves can often be choppy and unpredictable. Once the corrective structure of Wave 4 is complete, the larger Elliott Wave count points to the possibility of a strong bullish reversal. This would align with the expectation of entering Wave 5, where Gold could resume its upward momentum and continue the overall bullish trend. The recommended strategy is twofold: consider short-term sell trades while Gold is in the correction phase, but also prepare for potential buy setups once price action shows clear bullish confirmation near the 361x zone. Patience and discipline will be key in timing the transition from short-term selling to positioning for the next major upward move.