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.
🥇 $PAXG — Trade Analysis (Gold-Backed Token)
Overview: PAX Gold (PAXG) is backed 1:1 by physical gold, making it a hedge against market volatility and risk-off sentiment.
Price: ~$5,260
Trend: Short-term bearish correction 📉
Technical Levels:
Support: $5,165 – $5,050
Resistance: $5,430 – $5,550
Indicators:
RSI: Near oversold → bounce possible
MACD: Bearish momentum slowing
Price below short-term EMAs
Trade Plan:
Entry: $5,180 – $5,260
Targets: $5,430 / $5,550
Stop Loss: $4,980
R:R: ~1:3
Outlook:
Short-term: Relief bounce likely
Long-term: Bullish as gold demand rises
Sentiment: Safe-haven interest increasing
Not financial advice
#GoldBreaks$5,500 #GateLiveMiningProgramPublicBeta #FedKeepsRatesUnchanged #MiddleEastTensionsEscalate
$PAXG