$PAXG Gold is under heavy selling pressure, plunging toward the critical 4,000 mark before staging a sudden bounce off the floor. The token faced a brutal drop, bottoming out at a sharp low of 3,994.00.

Here is the full breakdown:
Current Price: 4,013.05 (-1.27%)
INR Value: Rs 1,110,451.06
24h High: 4,065.75
24h Low: 3,994.00
24h Vol: 5,739.66 PAXG ($23.14M )

Look at the chart. After a relentless slide from the 4,126 level, the bears drove the price down to a hard floor. The bulls quickly stepped in with a sudden wick to defend the psychological 4,000 barrier. Can the gold peg recover its footing, or will gravity pull it back down? The pressure is intense.