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$PAXG /USDT: Gold Bouncing Back?
After a sharp correction from its $5,650 peak,
$PAXG is showing signs of life, currently trading at $4,908 (+9.01%).
The Game Plan:
Entry Zone: $4,750 – $4,850 (Wait for a solid retest of the MA-25 support).
Target 1: $5,035 (Immediate resistance at MA-7).
Target 2: $5,400 (Major recovery zone).
Stop Loss (SL): $4,450 (Below the recent long-wick low).
Trade Here 👇
Market Insight: The long lower wick suggests strong buying interest at the $4,480 level. However, the price is still below the MA(7), so expect some volatility before a full trend reversal.
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