Technical analysis by Bartleby_the_Trader about Symbol PAXG: Sell recommendation (10/21/2025)

There are many possible Elliott Wave interpretations regarding the recent years in gold, but one thing seems quite clear. The rise that began in August 2025 was preceded by a triangle, which according to wave theory always signals the final wave of an impulse of the same degree. After it concludes, one should expect a correction of the entire impulsive five-wave sequence, typically retracing to the level of the preceding fourth wave. In recent days, the media have been filled with images of people buying physical gold — and as we know, the crowd is never right. Could this widespread euphoria be signaling the end of the bull run, at least for a while? Many signs point to that. It is not unlikely that we will soon see capital rotation into crypto.