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PAX Gold (PAXG) saw a spike in on-chain activity as gold posted modest gains over the past week. According to BeInCrypto, Santiment data showed daily active addresses rose to a record 8,830, while realized profits reached $6.77 million, the highest in five months.
Nansen data showed $6.9 million in net exchange outflows over the past 24 hours, and $1.8 million accumulated in newly created wallets, suggesting asset accumulation despite profit-taking. Gold gained 2.45% over the past seven days, while it fell by 0.39% during the day.$PAXG #paxag
PAX Gold (PAXG) saw a spike in on-chain activity as gold posted modest gains over the past week. According to BeInCrypto, Santiment data showed daily active addresses rose to a record 8,830, while realized profits hit $6.77 million, the highest in five months.
Nansen data showed $6.9 million in net exchange outflows over the past 24 hours and $1.8 million accumulated by newly created wallets, suggesting accumulation despite profit-taking. Gold gained 2.45% over the past seven days and was down 0.39% on the day
Nansen data showed $6.9 million in net exchange outflows over the past 24 hours, and $1.8 million accumulated in newly created wallets, suggesting asset accumulation despite profit-taking. Gold gained 2.45% over the past seven days, while it fell by 0.39% during the day.$PAXG #paxag
PAX Gold (PAXG) saw a spike in on-chain activity as gold posted modest gains over the past week. According to BeInCrypto, Santiment data showed daily active addresses rose to a record 8,830, while realized profits hit $6.77 million, the highest in five months.
Nansen data showed $6.9 million in net exchange outflows over the past 24 hours and $1.8 million accumulated by newly created wallets, suggesting accumulation despite profit-taking. Gold gained 2.45% over the past seven days and was down 0.39% on the day
up to 4100
100%
down to 3600
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4 votes • Voting closed
Everyone right now thinks that gold is a buying opportunity… and that’s exactly what worries me.
Why? $PAXG
Because the price is currently holding at a strong support around 4020, which makes most traders think in the same way:
“Price dropped a lot.”
“Reached support.”
“Of course it will go up.” #paxag
But the market doesn’t work that simply.
If you look at the price structure, you’ll find that the 4-hour trend is still bearish, and the highs and lows are still forming in a negative way.
That’s why I believe any rise from the current area isn’t necessarily the start of a brand-new bullish trend.
On the contrary…
It might just be a retest of the supply zones:
📍 4090 - 4130
📍 4205 - 4278
And for me, these are likely areas where sellers could step back in again.
The scenario I’m watching:
✔️ A bounce from the current support.
✔️ A rally to trick buyers and give the impression that the drop is over.
✔️ Then the bearish move continues toward the 3690 - 3620 zones.
Of course, this is just a scenario and personal analysis, and the market can dismiss any idea in a second.
But what really surprises me is how many people are entering buy trades with full confidence, as if the rise is guaranteed.
The market rewards analysis… not wishes.
Write your expectation:
🔥 4300 first
or
📉 3690 first
#تابع_واربح #المايسترو $PAXG
Why? $PAXG
Because the price is currently holding at a strong support around 4020, which makes most traders think in the same way:
“Price dropped a lot.”
“Reached support.”
“Of course it will go up.” #paxag
But the market doesn’t work that simply.
If you look at the price structure, you’ll find that the 4-hour trend is still bearish, and the highs and lows are still forming in a negative way.
That’s why I believe any rise from the current area isn’t necessarily the start of a brand-new bullish trend.
On the contrary…
It might just be a retest of the supply zones:
📍 4090 - 4130
📍 4205 - 4278
And for me, these are likely areas where sellers could step back in again.
The scenario I’m watching:
✔️ A bounce from the current support.
✔️ A rally to trick buyers and give the impression that the drop is over.
✔️ Then the bearish move continues toward the 3690 - 3620 zones.
Of course, this is just a scenario and personal analysis, and the market can dismiss any idea in a second.
But what really surprises me is how many people are entering buy trades with full confidence, as if the rise is guaranteed.
The market rewards analysis… not wishes.
Write your expectation:
🔥 4300 first
or
📉 3690 first
#تابع_واربح #المايسترو $PAXG
🔴 Just a few hours until the U.S. Federal Reserve announces its interest rate decision 🇺🇸📈 The prevailing forecasts indicate that the interest rate will remain at 3.75%, putting the markets on high alert. Major volatility is expected in U.S. stock markets during Fed Chair Jerome Powell's speech tonight.
⚠️ Be aware that these developments could trigger wild swings on USD pairs, indices, and gold. Therefore, we stress the importance of strict capital management and not getting swept up in sudden moves.
💡 In times like these, discipline and risk awareness are the keys to survival.
$PAXG
$XAUT
$BTC
#bitcoin #paxag #XAUT #RiskManagement #TrendingTopic
⚠️ Be aware that these developments could trigger wild swings on USD pairs, indices, and gold. Therefore, we stress the importance of strict capital management and not getting swept up in sudden moves.
💡 In times like these, discipline and risk awareness are the keys to survival.
$PAXG
$XAUT
$BTC
#bitcoin #paxag #XAUT #RiskManagement #TrendingTopic
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