🔥 How Does Super trend Line Affect PAXG's Next Move?
$PAXG is trading around $4053-$4074 and Super trend is the key!
Simple Explanation: Super trend = Trend + Support/Resistance line - Price ABOVE Super trend = Bullish 🟢 (Buyers strong) - Price BELOW Super trend = Bearish 🔴 (Sellers strong)
PAXG Right Now: - Daily Super trend support: $4025-$4030 (same as my SL) - If PAXG holds above Supertrend → Next target $4090 → $4147 - If breaks below → Risk to $4004 / $3990
My View: Supertrend still GREEN on 4H, but yesterday's NFP (165K vs 65K) pushed dollar DXY to 102.29 - so short-term pressure.