$PAXG/USDT 12h (Binance Spot) Falling wedge breakout
Updated
Pax Gold set-up is you prefer to buy with US Dollars.
Current Price= 1735.04
Buy Entry= 1734.71 - 1713.91
Take Profit= 1994.64
Stop Loss= 1664.22
Risk/Reward= 1:4.5
Expected Profit= +15.68%
Possible Loss= -3.48%
Fib. Retracement= 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Current Price= 1735.04
Buy Entry= 1734.71 - 1713.91
Take Profit= 1994.64
Stop Loss= 1664.22
Risk/Reward= 1:4.5
Expected Profit= +15.68%
Possible Loss= -3.48%
Fib. Retracement= 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
All entries filledOn the other hand, bullish scenario still looks valid to me even after that 50MA rejection.
So we are holding our Pax Gold position in Dollar, expecting a bounce in the coming days or weeks!
Comment
Slowly but surelyI hope you are still holding Pax Gold manually, in Spot or in Margin, looks ready for the leg-up now!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.