PAXG Update: Gold in Full Geopolitical Tension
There are many frictions between the U.S. and Iran, traditional logic says that gold (and its digital version, PAXG) should be flying. However, we are seeing aggressive capitulation.
Technical Analysis
The PAXG/USDT chart indicates that we are in an extreme oversold zone.
RSI at the floor: With levels between 11 and 17 points in short time frames, the price is "stretched" like a rubber band.
The verdict: The main trend is bearish, but a technical rebound is imminent in the coming hours. It is not a trend change, it is a breather.