$PAXG is testing recent highs following a clear trend reversal, indicating strong bullish momentum.
On the 1-hour chart, the price has decisively reclaimed the EMA25 and EMA99 with a series of strong impulsive candles beginning at 4,460, establishing a clear pattern of higher highs and higher lows. The current consolidation below the 4,973 level suggests a phase of absorption before the next potential upward move.
Trade Plan
· Entry Zone: 4,920 - 4,975 (Long)
· Take Profit Targets: TP1: 5,020 | TP2: 5,100 | TP3: 5,200
· Stop Loss: 4,840
The bullish structure remains intact as long as price holds above the 4,900 support. A continuation toward the psychological 5,000+ zone is the favored scenario.
Buy and Trade $PAXG
PAXG
4,890
-3.59%