If you’ve been following the previous breakdown on
$PAXG , price was deep inside the corrective zone and reacting around the Fibonacci cluster. Fast‑forward to the current chart, and the picture has shifted — PAXG has climbed back toward $5,081, pushing directly into the daily supply zone that has capped price multiple times.
What stands out on this new chart
This bounce wasn’t random — price respected the trendline beautifully and has now returned to the same blue zone that has acted as resistance throughout this structure. The reaction here is important because this is where the market decides whether the retracement is ending or if this is just another lower‑high forming.
The chart is hinting at a bullish continuation setup:
Price is pressing into the supply zone
A breakout above this area opens the door for a clean retest
And from there, continuation toward the next major extension becomes possible
This aligns with the broader trend: PAXG has been in a steady uptrend for months, and the current structure still respects that momentum.
What I’m watching next
As long as PAXG stays above the $4,778 structural support, the bullish narrative remains intact. A breakout above this blue zone would be the first real confirmation that buyers are ready to resume the trend.
If price gets rejected here, then we’re simply looking at another corrective swing inside the range — but the trendline and higher‑timeframe structure still favor upside unless $4,778 breaks.
#PAXG #bullish