Technical analysis by neeraj_2_sharma about Symbol PAXG: Buy recommendation (11/15/2023)

GOLD_ Wave 3 The commodities are all set to rise with DXY going into downtrend. Gold like others had also displayed impulsive wave 1 structure and was undergoing wave 2 correction. The correction was an Elliot wave zig zag and the bottom of this ABC correction was formed on 13Nov.The correction achieved a 38.2% retracement of the Wave 1 rise. The wave 3 is now unfolding(keep in mind third waves are most often than not, the strongest among all 5 waves and longest). $2140 is projected target for wave 3. Note*- this chart is for educational purpose only.