$PAXG 4H Update: Rejection at resistance, now testing support! 🥇📉
In my last update, we saw a bullish CHoCH. However, Gold faced strong resistance near the $4,080 level and got rejected. The price is now pulling back and testing the local demand zone around $4,030.
🔍 Technical Breakdown:
• Market Structure: The overall structure still favors bulls as long as we hold above the $4,000 discount zone. The current move looks like a normal retracement.
• **Key Levels:**
🔴 Resistance: $4,060 - $4,080 (Recent Swing High)
🟢 Support: $4,020 - $4,030 (Current Retest Zone)
⚖️ Equilibrium: $4,100 (Major target if support holds)
👀 What's next?
If this $4,030 support holds, we could see another leg up toward the $4,080 high. But a breakdown here will send the price back to the $3,980 - $4,000 discount zone.
👇 MY QUESTION FOR YOU:
Support ko hold karna chahiye ya break hoga? Aapka next move kya hai—Buy the dip or Wait for a breakdown? Comment below! 💬
⚠️ Always manage your risk. This is not financial advice.
#PAXG #Gold #CryptoAnalysis #TechnicalAnalysis
In my last update, we saw a bullish CHoCH. However, Gold faced strong resistance near the $4,080 level and got rejected. The price is now pulling back and testing the local demand zone around $4,030.
🔍 Technical Breakdown:
• Market Structure: The overall structure still favors bulls as long as we hold above the $4,000 discount zone. The current move looks like a normal retracement.
• **Key Levels:**
🔴 Resistance: $4,060 - $4,080 (Recent Swing High)
🟢 Support: $4,020 - $4,030 (Current Retest Zone)
⚖️ Equilibrium: $4,100 (Major target if support holds)
👀 What's next?
If this $4,030 support holds, we could see another leg up toward the $4,080 high. But a breakdown here will send the price back to the $3,980 - $4,000 discount zone.
👇 MY QUESTION FOR YOU:
Support ko hold karna chahiye ya break hoga? Aapka next move kya hai—Buy the dip or Wait for a breakdown? Comment below! 💬
⚠️ Always manage your risk. This is not financial advice.
#PAXG #Gold #CryptoAnalysis #TechnicalAnalysis
