Wow, Gold (PAXG) continuously creating it's another all time high. It's putting in a solid performance on Binance & reflecting strong demand for tokenized gold.
• Price is holding around 5,576.84 USDT, up +5.45% on the day, trading comfortably in the upper range of the last 24 hours.
• Intraday move saw price rally to 5,650.86 before a healthy pullback, suggesting profit-taking rather than weakness.
• Trend structure remains bullish, with EMA(9) above EMA(15), short-term momentum is still in favor of buyers, though momentum is slightly cooling.
• Support zone is forming near 5,552–5,528, where EMAs are acting as dynamic support. Buyers have already stepped in at this level.
• Volume spiked aggressively earlier in the session, driving the breakout. Activity has normalized since, indicating consolidation rather than distribution.
Overall, PAXG is showing strong bullish behavior, trading well above the previous day’s low and respecting key short-term support. As long as price holds above the EMA cluster, continuation remains likely. A clean break below could invite a deeper retest, but for now, structure stays intact.
