🟡 $PAXG stabilizes near $4,150… and gold attempts a recovery
$PAXG is trading near $4,145–$4,150 today, holding steady after the sharp decline gold experienced last week. Market data shows that $PAXG is currently moving within a narrow range, while spot gold is hovering around $4,150 per ounce.
Gold received support today from reduced expectations of a U.S. rate hike in October, after the latest U.S. jobs data came in weaker than expected. However, the strength of the dollar is limiting gains for now.
Key levels today:
🔹 $4,100–$4,120: Key support
🔹 $4,150: Current pivot level
🔹 $4,200: Nearby resistance
A simple outlook:
If $PAXG holds the $4,100–$4,120 zone, it may attempt to return toward $4,200. A break below this zone could signal a continuation of the short-term correction.
Gold is trying to build a base after the decline… and holding above $4,100 is the most important factor for now.
#PAXG #Gold #Binance
$PAXG is trading near $4,145–$4,150 today, holding steady after the sharp decline gold experienced last week. Market data shows that $PAXG is currently moving within a narrow range, while spot gold is hovering around $4,150 per ounce.
Gold received support today from reduced expectations of a U.S. rate hike in October, after the latest U.S. jobs data came in weaker than expected. However, the strength of the dollar is limiting gains for now.
Key levels today:
🔹 $4,100–$4,120: Key support
🔹 $4,150: Current pivot level
🔹 $4,200: Nearby resistance
A simple outlook:
If $PAXG holds the $4,100–$4,120 zone, it may attempt to return toward $4,200. A break below this zone could signal a continuation of the short-term correction.
Gold is trying to build a base after the decline… and holding above $4,100 is the most important factor for now.
#PAXG #Gold #Binance