Technical analysis by EconomicanalysAbdulRahman about Symbol PAXG: Buy recommendation (11/10/2025)

🟡 Gold Analysis (XAU/USD) On November 10, 2025 After a series of strong movements that gold witnessed over the past weeks, it seems that we stand today at an important technical crossroads, as features of the completion of a deep correction appear within the fourth wave of the major impulse cycle, paving the way for a new start that may carry the sparkle of the fifth wave! 🔶 Current waveform (Elliott Wave Perspective) By tracking the price structure on the daily and four-hour frames, we notice the following: The previous impulse wave ended near 4,458 levels, where it formed the top of a major wave (3). The subsequent decline to the 3,900 – 3,950 area came in the form of a compound correction (W–X–Y) representing wave (4). Now, after breaching the downward trend line in red and the price rebounding above 4,065, the features of wave (5) have begun to appear, which is expected to extend towards 4,167 as a first target, then towards 4,300 – 4,450 if the positive momentum continues. 💥 Technical momentum supports the bullish scenario A clear break of the old downtrend line. Consolidation above pivotal support 4,065 confirms the transfer of strength to buyers. A consistent price structure indicates the beginning of a new expansion phase, supported by advancing Elliott angles. The current move is likely to be part of the sub-impulse wave (i–ii–iii–iv–v) within the fifth major wave, as we have most likely entered the third sub-wave (iii) — which is usually the strongest in terms of momentum. 📈 Possible path during the day As long as the price maintains its closes above 4,065, the general trend remains positive with the possibility of seeing a price extension towards 4,167 as the first resistance area. Closing the four-hour candle above it will reactivate wave (5) towards broader targets in the 4,300 – 4,450 range. As for any break below 3,950, it will be considered a temporary correction within the second sub-wave, before the upward trend resumes. 🧭 Conclusion Gold still maintains its technical lustre, and the fifth wave is looming on the horizon. The positive wave scenario remains valid as long as we do not break 3,950 bearish, As for exceeding 4,167, it will be a spark to move towards new peaks that may take us back to the areas of 4,400 and more. ✨ Advice for traders: Stay tuned for short-term corrections, as every pullback within the 4,050-4,000 range could be a valuable opportunity to join the fifth wave before it is complete.