GOLD (XAU) & PAXG CRYPTO UPDATE - 16 FEB 2026 🔥
What's up crypto fam! Yaha Gold (XAU) aur gold-backed tokens me kaafi interesting moves chal rahe hai. If you're holding or planning to enter, here is today's breakdown:
📊 Live Market Rates:
Gold Spot (XAU/USD): ~$5,042 per ounce
PAX Gold (PAXG/USD): ~$5,031
PAXG in INR: ~₹4,55,800 to ₹4,56,200
📈 Technical Update & Market News:
The Rebound: Gold just pulled a massive 15% bounce from the $4,405 lows a couple of weeks back. We are currently sitting strong above the $5K psychological mark!
Key Levels to Watch: Bulls are currently facing some resistance right below the $5,170 zone. Agar aane wale sessions me ye level decisively break hota hai, we could see a sustained bullish trend. On the downside, short-term support is sitting around $4,940 (the 20-day moving average).
Macro Factors: Central banks are still accumulating long-term, but the US Dollar correlation is looking a bit shaky right now. We might see a bit of consolidation or a sideways range before the next big breakout.
🪙 Why Gold-Backed Crypto (PAXG)?
For the Web3 ecosystem, buying physical gold is a hassle. Tokens like PAXG are backed 1:1 by real physical gold. It’s perfect for parking your trading profits into a stable commodity without leaving the blockchain ecosystem.
Keep an eye on the charts today. DYOR and trade safe! 📉📈
#BTCVSGOLD #USTechFundFlows #WriteToEarnUpgarde #USRetailSalesMissForecast
