PAXG/USDT — Technical Analysis
PAX Gold is trading at 4,171.65 USDT, down slightly by 0.47% over the past 24 hours. The asset is trading below the short-term moving averages (EMA 7 and EMA 25), but remains above the EMA 99, indicating that the medium-term trend is still bullish, although there is selling pressure in the short term.
Support levels: 4,167.70 (current, historical) and 3,943.18.
Resistance levels: 4,404.04 and 4,691.96.
Chart pattern: The price is testing the historical support at 4,167.70, with the RSI(6) at 37.96 and approaching the oversold zone. This suggests that selling pressure is losing strength, but there is still no clear sign of a bullish reversal. Watch how the price reacts at this support level.
⚠️ This analysis does not constitute investment advice. It is based solely on the data shown in the chart.
#PAXGTutorialanalysis #PAXGTrading $PAXG
PAX Gold is trading at 4,171.65 USDT, down slightly by 0.47% over the past 24 hours. The asset is trading below the short-term moving averages (EMA 7 and EMA 25), but remains above the EMA 99, indicating that the medium-term trend is still bullish, although there is selling pressure in the short term.
Support levels: 4,167.70 (current, historical) and 3,943.18.
Resistance levels: 4,404.04 and 4,691.96.
Chart pattern: The price is testing the historical support at 4,167.70, with the RSI(6) at 37.96 and approaching the oversold zone. This suggests that selling pressure is losing strength, but there is still no clear sign of a bullish reversal. Watch how the price reacts at this support level.
⚠️ This analysis does not constitute investment advice. It is based solely on the data shown in the chart.
#PAXGTutorialanalysis #PAXGTrading $PAXG