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Technical analysis by ew_17i about Symbol PAXG on 9/19/2025

https://sahmeto.com/message/3780846
ew_17i
ew_17i
Rank: 1237
2.3

Gold Elliott Wave Update: Waiting for a Perfect BUY at 361x

Neutral
Price at Publish Time:
$3,650.76
،Technical،ew_17i

Continuing with yesterday’s gold plan, the market is still in a corrective phase and is likely to move down toward the 361x area. This level acts as an important support zone and also aligns with the Elliott Wave corrective structure, making it a potential area to watch for buying opportunities. At this stage, traders should remain patient and avoid rushing into early entries before clear signals are confirmed. Once the price approaches the 361x zone, it will be crucial to monitor reversal patterns, candlestick confirmations, or strong technical signals such as RSI divergence, a bullish MACD crossover, or smaller wave structures indicating the beginning of a new uptrend. If these signals appear, this will present an excellent opportunity to enter BUY positions in line with the larger bullish outlook. The main objective of this plan is to capture the next upward wave of gold once the correction has been completed. However, it is important to emphasize that this is only a personal viewpoint. Proper risk management and position sizing should always be the top priority to protect capital and ensure sustainable trading results.

Source Message: TradingView
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