$PAXG Reached to $4,613 as US Treasury Bond Yields Fall — Watch Closely $4,630 as Resistance & $4,300 as Support 🟡🔍
$PAXG price stabilizes after US Treasury bond yields fell, helping it to recover from earlier losses. A firmer US dollar capped further gains of
$PAXG , so the overall momentum remains fragile. ⚖️
The decline of bond yields gave
#PAXG short‑term support, while worries about higher oil price and rising inflation keep central banks hawkish — limiting further bullish trend potential in
#PAXGUSDT . Geopolitical tensions in the Middle East (Houthi attacks and wider risks) keep safe‑haven demand alive. ⚠️🛢
Traders should watch US data this week — especially Manufacturing PMI and Non‑Farm Payrolls — the result of these data may influence the movement of the US Dollar and
#PAXG sharply. Fed signals will also be key. 📊👀
Technical snapshot:
Near term resistance: $4,630 (around the 100‑day SMA). 📈
Key support: $4,400–$4,300, with the 200‑day moving average below that. 📉
Indicators: RSI is recovering from oversold, MACD shows easing downside momentum — suggesting a neutral to mildly bullish bias if buyers step in. 🔄
#PAXG looks stable but the trend is not strongly bullish. Traders may buy small dips near support, but keep an eye on US bond yields, oil price and US economic data for the next big movement. 🔎
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