Trader #PAXG has won
In D1, PAXG remains in a long-term bullish trend, but is currently in a correction phase.
The 4300 USD zone is a major daily support, combining a horizontal level and a demand zone.
As long as the price stays above 4300, the bullish structure remains valid.
A net daily close below 4300 would open the way to 4200, then 4000 USD.
The daily RSI is neutral, leaving room for directional movement.
The MACD shows a weakening of selling pressure without a strong bearish signal.
The most favorable scenario is a break below 4300 followed by a reintegration on daily close D1.
This pattern would indicate a liquidity grab and a return of buyers.
In this case, the bullish targets are at 4450, then 4600–4650 USD.
A bullish extension towards 4800–4900 USD is possible if the gold momentum strengthens.
Don't forget to follow me and give me a like, it costs nothing $PAXG
In D1, PAXG remains in a long-term bullish trend, but is currently in a correction phase.
The 4300 USD zone is a major daily support, combining a horizontal level and a demand zone.
As long as the price stays above 4300, the bullish structure remains valid.
A net daily close below 4300 would open the way to 4200, then 4000 USD.
The daily RSI is neutral, leaving room for directional movement.
The MACD shows a weakening of selling pressure without a strong bearish signal.
The most favorable scenario is a break below 4300 followed by a reintegration on daily close D1.
This pattern would indicate a liquidity grab and a return of buyers.
In this case, the bullish targets are at 4450, then 4600–4650 USD.
A bullish extension towards 4800–4900 USD is possible if the gold momentum strengthens.
Don't forget to follow me and give me a like, it costs nothing $PAXG
