Gold on the Move: PAXG Eyes a Breakout Above $5,000!
The gold-backed token $PAXG is showing strong signs of a comeback. After a quick dip to the $4,900 level, it has bounced back and is now building a "bullish continuation" pattern. This means the price is making higher lows, suggesting buyers are stepping in earlier each time.
As long as it stays above the $4,980 - $5,000 zone, the trend looks healthy for a move higher.
📊 The Trade Setup
Entry Zone: $4,980 – $5,040
Targets (Take Profit): $5,120 | $5,200 | $5,350
Safety Net (Stop Loss): $4,880
🔍 Why This Matters
On the 1-hour chart, PAXG is showing resilience. By holding steady above the psychological $5,000 mark, momentum is shifting in favor of the bulls. If it breaks out past $5,040, we could see a fast move toward the next major resistance levels
💬 What’s your take?
Do you think PAXG will hold the $5,000 line and rally to new highs, or are we heading back down to test $4,900 support again? Let’s hear your strategy in the comments!
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