Technical Analysis
Extreme oversold: The RSI has hit panic levels that have historically preceded relief bounces.
Geopolitics at play: With global uncertainty at a fever pitch, gold remains the king of safety, even though it is currently on "sale."
The whale waits: Volume indicates that large institutions are absorbing retail sales at $4,480.
Strategies
For those looking to capitalize on this movement:
Conservative: Staggered purchases seeking a return to $5,000.
Aggressive: Scalping at current support with Stop Loss set at $4,460 and targets at $4,650.
Profits in the Shorts drop: Entry at $4,480, TP1: $4,475, TP2: $4,460, SL: $4,500 (to have minimal losses).
⚠️ Important: The information shared is not a recommendation to buy or sell. Do your research (DYOR) before making any decision.
What do you think?
Do you think PAXG will break the support and fall further?
Is this the perfect "dip" to accumulate before the next crisis?
👇 Leave your opinion in the comments. I will be responding and debating with the best analyses from the community.
#PAXG #PAXGUSDT #Binance #OroDigital #nuricrypto
$PAXG Trade here 👇🚀💰
