Sighing with PAXG, my friends. It keeps hovering around the 4200-4300 range forever. Looking at the alternating green and red candles, I thought there was a wave, but it turns out to just be some bumps before returning to the old position. There are a few tiny green candles that barely rise before getting pushed back down immediately. The red candles are also indecisive, just sluggish, making me not even want to talk.
The prominent yellow lines on the liquidity chart clearly show there is a strong resistance above 4200 and below 4400. Whenever it touches, it bounces back, not allowing it to go far. The price seems to be chained, meandering in that tiny box, showing no interest in breaking out at all.
Gold has become heavy, PAXG is even sluggish compared to gold. Indeed, it's like "ghost money", stuck in place. Those who are holding on must be sitting there counting the sad candles. At this point, expecting "to the moon" with this one might have to wait for the citrus season. Well, just calmly wait for a decisive breakout and then we'll see, because at this rate, what can be done?
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