💰$PAXG / USDT Market Update 💰

PAX Gold ( $PAXG ) is trading at $2,622, with a modest increase of +0.08%. Here’s a quick breakdown of the current 15-minute chart and key insights:

📊 Market Overview:

24H High: $2,65424H Low: $2,61124H Volume:PAXG: 1,457.37USDT: 3.84M

🔍 Moving Averages (MAs):

MA(7): $2,623 – A level of immediate resistance.MA(25): $2,625 – Currently acting as a ceiling for upward momentum.MA(99): $2,629 – Key long-term resistance for trend reversal.

📉 Technical Analysis:

PAXG found support at $2,618, with multiple rejections at the $2,628 area.Short-term moving averages (MA7 and MA25) suggest bearish momentum is prevailing.A breakout above $2,625 could indicate a reversal, but the price is struggling below the long-term MA(99).

⚡ Key Levels to Watch:

Support: $2,618 – A break below this level may test $2,611.Resistance: $2,629 and $2,654 – Critical levels to confirm bullish sentiment.

💡 Trading Strategies:

For Bulls: Wait for a confirmed breakout above $2,629 to target $2,640 or higher.For Bears: Consider shorting opportunities if the price fails to hold $2,620, with a downside target near $2,611.

📢 What’s your view on PAXG/USDT? Share your thoughts in the comments below!