Technical analysis by afurs1 about Symbol PAXG on 11/10/2025

GOLD has been outperforming almost every major asset class for the last 20 years to the surprise of many people including myself. I was only born in the 90's so I have yet to be aware of the power that comes from owning gold. That being said, It would be really nice to see the Gold correction mature here in order for us to grab liquidity which will ultimately bring us to much higher prices. Using some basic technical analysis, I will be watching the 618 retracement zone for a short trade entry with a stop above the ATH. Although I am not as interested in a large size short position if it is provided, I would be very interested in expanding my portfolio with some Gold holdings if my targets are hit, going into 2026. I believe this will be the final 5th wave of the overall Elliot Wave count that begin in 2015 when the new Gold rally had begun. Lets see where the market decides to move.In the perfect world we would see a sharp ABC correction, as the prev correction was a sideways flat , also known as a PIT (pullback in time). According to Elliot Wave principles, you tend to get one of each style correction in a broader 5 wave move. Meaning one is sideways, and another is more aggressive. Since we already know the first correction was a sideways flat, it increases the chances of this wave being a more aggressive pullback.Here is the longer term view , where gold tapped into the 2.618 extension.