Technical analysis by ChipsnCheese about Symbol PAXG: Sell recommendation (11/5/2025)

When speculation hits high, there are some clear tell tale signs. Mums calling asking to buy the asset, retail public queuing on streets to buy the asset, media reporting every single percentage move of that asset. Gold fits the definition of that asset currently. Tecninally, monthly RSI is above 90 ! Last it was so high on charts was in 1974. From Elliot wave structure, we completed wave 3 grand cycle at 4100ish USD levels. On a cycle level, it is a clear 5th wave hyperextension - what that means ? A 5th wave hypertextension almost always bring the prices down to the level where it all started, which is at 2000 USD. Also a 90+ RSI on monthly takes a minimum of 4-5 months to come back to range levels. In a nutshell, now is not the time to buy gold. There will be many minor jumps on its way down but it is an asset to be avoided until Q1 end.