Technical analysis by LiamTradingFX about Symbol PAXG: Sell recommendation (16 hour ago)

Buy the dip inside the channel, watch for a short-term correction after Wave 5 Strategy summary for next week On the H4 chart, gold is still trading inside a mid-term rising channel. However, the wave structure suggests Wave 5 is likely завершed, so next week I’m focusing on two main ideas: Mid-term BUY bias, but only if price pulls back to a better liquidity area. Short-term SELL correction, triggered only with confirmation (break below 4309) on the lower timeframe. 1) Technical view: Uptrend channel holds, but a correction is likely Price is currently in the upper half of the channel → not an ideal spot to chase longs. The chart highlights two key liquidity areas: Liquidity Sell Zone near 4433 (upside target, only valid if price builds a clean path higher). Strong Liquidity around 4254 (the area where I want to reload mid-term longs). Meaning: The channel is still the main framework, but if Wave 5 has finished, a pullback/correction is normal before the next directional leg. 2) Mid-term plan (priority): BUY at channel liquidity ✅ Buy zone: 4250 – 4255 SL: 4240 Expectation: A rebound back toward the channel’s midline, and if momentum returns, continuation toward 4433. Logic: This is the “better price” area aligned with the channel structure + key liquidity. Risk-reward is far cleaner than buying at the highs. 3) Short-term plan: SELL the correction only after confirmation Because Wave 5 looks completed, a corrective sell is valid — but I only want to sell after the market confirms on the lower timeframe: ✅ Bearish confirmation: break below 4309 After the break, prefer a sell on retest (no chasing). A realistic correction target is a move back toward the 425x liquidity zone. Note: This is a short-term correction trade and doesn’t conflict with the mid-term buy bias. 4) Fundamentals next week: Holiday liquidity = more sweeps Dec 22–26 includes multiple European holidays, which often means thin liquidity: price may not trend hard, but it can still wick and sweep stops. Geopolitical risk remains elevated: Israeli officials plan to brief Trump on potential new strikes on Iran — this can trigger sudden safe-haven flows into gold. Action: Trade smaller, trade cleaner, and avoid getting trapped in abnormal volatility. 5) Execution checklist Mid-term BUY: wait for 4250–4255, SL 4240. Short-term SELL: only activate if 4309 breaks, then sell the retest on lower TF. No FOMO in a low-volume holiday week. Which scenario are you leaning into next week: buying 425x, or waiting for a 4309 breakdown to sell the correction?