Technical analysis by MMFlowTrading about Symbol PAXG: Sell recommendation (1/8/2026)

Gold moves within a clear upward structure of 5 waves, where: Wave 1 → Wave 3 has already completed with strong dominant momentum. The price is currently in the corrective phase of wave 4, which is technical in nature and is not a trend reversal. Wave 5 to the upside is still expected once the liquidity absorption in the downtrend is completed. Main structure and technical context H1 hourly trend remains bullish as long as the lowest point of the main volatility increase is not broken. The current decline is corrective; No change to the downside has been confirmed. The lower demand zone corresponds to the downtrend line + Fibonacci levels + gap, creating a reaction zone with high probability. Preferred trading plan (MMF style) 🔵 Basic scenario – trend-following buy Buy zone: 4,398 – 4,350 This is a strong convergence zone (demand + trend line + gap). Execute the purchase only after a clear price reaction and stability of the structure. Avoid entering due to fear of missing out on opportunities in the middle of the range. Objectives: TP1: 4,444 TP2: 4,496 TP3: 4,534 Alternative scenario: If the price does not retreat to the lower zone and instead breaks and holds above 4,496, wait for a retest to continue buying with the trend. 🔵 Revoke If the H1 candle closes below 4,350, invalidate the buy trend and wait for a new structure to form. 🔵 Summary: The broader bullish wave structure remains in effect. The current decline is a correction of wave 4, and patience is key to positioning yourself for the possibility of wave 5 continuing from reduced levels.