đ„ How Does Super trend Line Affect PAXG's Next Move?
$PAXG is trading around $4053-$4074 and Super trend is the key!
Simple Explanation:
Super trend = Trend + Support/Resistance line
- Price ABOVE Super trend = Bullish đą (Buyers strong)
- Price BELOW Super trend = Bearish đŽ (Sellers strong)
PAXG Right Now:
- Daily Super trend support: $4025-$4030 (same as my SL)
- If PAXG holds above Supertrend â Next target $4090 â $4147
- If breaks below â Risk to $4004 / $3990
My View:
Supertrend still GREEN on 4H, but yesterday's NFP (165K vs 65K) pushed dollar DXY to 102.29 - so short-term pressure.
Holding above $4050 + Supertrend = Bullish continuation.
â ïž Not financial advice. Always use SL.
Do you use Supertrend for PAXG? Comment YES/NO đ
#PAXG #GOLD #Supertrend #JobsReportRaisesHikeOdds
$PAXG is trading around $4053-$4074 and Super trend is the key!
Simple Explanation:
Super trend = Trend + Support/Resistance line
- Price ABOVE Super trend = Bullish đą (Buyers strong)
- Price BELOW Super trend = Bearish đŽ (Sellers strong)
PAXG Right Now:
- Daily Super trend support: $4025-$4030 (same as my SL)
- If PAXG holds above Supertrend â Next target $4090 â $4147
- If breaks below â Risk to $4004 / $3990
My View:
Supertrend still GREEN on 4H, but yesterday's NFP (165K vs 65K) pushed dollar DXY to 102.29 - so short-term pressure.
Holding above $4050 + Supertrend = Bullish continuation.
â ïž Not financial advice. Always use SL.
Do you use Supertrend for PAXG? Comment YES/NO đ
#PAXG #GOLD #Supertrend #JobsReportRaisesHikeOdds