🟡 PAX Gold (PAXG/USDT)


Overview & Use Case
PAXG is a gold-backed token, fully redeemable for physical gold, often used as a hedge during crypto volatility.
Current Price: ~$4,859
Trend: Short-term bearish pullback after local top
🔍 Technical Analysis
Support:
$4,810 (intraday low, strong demand)
$4,780 (major structure support)
Resistance:
$4,998
$5,045 (recent high)
Indicators
RSI (15m): Near oversold → bounce potential
MACD: Bearish but losing momentum
Moving Averages: Price below short MAs, still above macro trend
Pattern:
📉 Sharp correction within a broader uptrend
🎯 Trading Plan
Entry: $4,820 – $4,880
Targets:
TP1: $4,980
TP2: $5,050
Stop Loss: $4,760
Risk–Reward: ~1:2+
Outlook
Short-term: Relief bounce likely
Long-term: Bullish as long as $4,700 holds

#BuyTheDipOrWaitNow? #ADPJobsMissEstimates #CryptoMarketWatch #FedLeadershipImpact

$PAXG
PAXG-4,12%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)