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PAXG

PAXGUSD: A Crypto tracking Gold & ownership of the asset Easier simply to quote what it's all about from their website Paxos.com PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company. I just took a look at the Gold and Silver charts and their medium & longer term outlook. I can't even see a decent correction on the nearby horizon, Silver looks even in greater shape than Gold but both are staying strong and bullish is my assessment. This PAXG they are talking about a massive compounding of its price in only a year or 2 and beyond that it is almost hard to believe. DYOR. "PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company."
EIGHTCAP:PAXGUSDLong
by Easy_Explosive_Trading
GOLD will rise by +300% in only 3 years! (Better than Bitcoin)I am pretty confident that GOLD will rise by +300% in price in only 3 years! Is gold a better investment than Bitcoin at this moment? Should you sell BTC and buy GOLD? Definitely yes, and I will tell you why! Gold was in a sideways consolidation period from 2011 to 2024. And this year, in March 2024, the price finally made a strong breakout bullish candle on the monthly chart that changed everything! The big players have a lot of liquidity and then cannot move large amounts of money from one asset class to another with a single order. Also, for them, it's not best to buy all assets at the same time. In 2024, we see that big players are hugely interested in gold again, so this should be your main focus. Why can Gold go 300% in 3 years and Bitcoin cannot? That would be around 210,000 USD per Bitcoin in 2027, and we know that this is impossible to happen as Bitcoin is statistically dropping every third year by 70% - 90%. Of course, big players are using this high volatility to buy cheap Bitcoin and to force retail investors to sell in a huge loss. They will do it again, as it's extremely profitable for them. Most likely, the price of Bitcoin in 2027 will be below 70k! From a technical perspective, on the monthly chart we can see that the price of GOLD is inside this ascending parallel channel (since the year 2000). The probability of touching the top of the ascending channel is very high at this moment. From the Elliott Wave perspective, gold is starting an impulse wave (3)! Usually, waves 3 are the strongest! Another indication that huge news is coming for GOLD.  Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Editors' picks
OANDA:XAUUSDLong
by Xanrox
103
GOLD - Will double in price in a few years! (cup and handle)GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This cup and handle formation is fully confirmed. The monthly candle closed above the neckline of this pattern with a bullish engulfing candle.  How to trade? If you are an investor, simply buy gold and hold, you can expect a pretty good and reliable return in a few years. If you are a swing trader, I recommend trading with the trend and going for buy/long only strategies. Do not short gold on futures, as it will lower the probability of success. And if you are a day trader, also focus on long-only strategies, and you can potentially short GOLD, but only with limit orders that you put above the current price. Avoid trading bearish breakouts, as they tend to take liquidity (stop losses) and reverse.  What is the profit target for gold in 2026 or 2030? There is no historical price action, so to determine our profit targets, we need to use the Fibonacci extension tool and Elliott Wave theory with simple trendlines. On the chart, you see my Fibonacci projection (wave 1 -> wave 2). Usually, the market tends to react to the 1.0 extension, the 1.618 FIB extension, and the 2.0 extension. These are strong levels, but only for a short-term bounce. As my title says, I am expecting a huge bull market, so do not forget to follow my account to stay updated! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
29
#PAXG/BTC 3D (Binance) Descending wedge on supportPax Gold printed a dragonfly doji and looks ready for mid-term recovery towards 50MA, in sats. ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 13.1% Current Price: 0.05392 Entry Targets: 1) 0.05301 Take-Profit Targets: 1) 0.06309 Stop Targets: 1) 0.04897 Published By: @Zblaba LSE:PAXG BINANCE:PAXGBTC TVC:XAU TVC:GOLD paxos.com/paxgold Risk/Reward= 1:2.5 Expected Profit= +19.0% Possible Loss= -7.6% Estimated Gaintime= 2-3 months
Long
by TradingOn
#GOLD vs. #BITCOINIn this chart you see #paxgold / #bitcoin . This charts indicates the power of #xaugold against #btc . Gold has formed an descending pennant and this pattern is commonly ends up with bullish move. And also , gold is now sitting on a major vertical support zone. I expect #xauusd to outperform #bitcoinusd for weeks if this bullish pattern breaks out. If this breakout works: Gold is a slowly moving instrument, if gold slightly outperforms btc, this may be also so bearish for bitcoin. NOT FINANCIAL ADVICE. dyor.
by naphyse
PAXG/BTCUSD where we're atWe've observed a clear bearish rejection on the weekly chart for both Bitcoin and PAXG (tokenized gold) spread. However, on the monthly chart, we've experienced a breakout. This situation presents two possible scenarios: Micro Moves and Bullish Retest: It's possible that we are currently in a phase of smaller, more intricate price movements, and the market could be gearing up for a retest of the purple level before potentially turning bullish. Weekly vs. Monthly Dynamics: Alternatively, this could be one of those exceptionally rare instances where the weekly close takes precedence over the monthly close. While it's challenging to ascertain with absolute certainty, I would anticipate a retest of at least 50k for Bitcoin before considering the possibility of a complete collapse. The pivotal point to watch closely is the outcome of the purple retest. You can find a version of the chart without the spread in the related ideas section for further analysis.
BITSTAMP:BTCUSD
by EdwinPus
$PAXG/USDT 1D (#Bybit) Rising wedge breakdown and retestPaxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support. ⚡️⚡️ #PAXG/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (12.0X) Amount: 8.6% Current Price: 2010 Entry Targets: 1) 2023 Take-Profit Targets: 1) 1945 Stop Targets: 1) 2062 Published By: @Zblaba LSE:PAXG #PAXGUSDT #Paxos #Gold #PaxGold #XAU #PreciousMetal paxos.com Risk/Reward= 1:2 Expected Profit= +46.3% Possible Loss= -23.1% Estimated Gaintime= 3-4 weeks
Short
by TradingOn
4
The gold rush is getting closer 🌪️Last year, 2022 was a record year in terms of gold purchases by global central banks. Of course, the largest whales in the world are buying gold for a reason, but because they understand that in the near future the yellow metal will grow strongly. 📊 From a fundamental point, gold is also ready for a new growth cycle. As we wrote earlier, gold has almost 100% correlation with the dynamics of 10-year US bonds and the dollar index. The Fed has already reached the limit in raising rates. This means that the yield on 10-year bonds will no longer grow (for gold, this opens the way above the historical maximum). The situation is similar for the dollar index. Of course, we can still see some panic in the markets that hello to the growth of DXY and put some pressure on gold, but only locally. ⚙️ According to technical analysis, gold is near its historical high, but the indicators are not overbought, as these levels are already well traded. Over the past 3 years, the price touched the historical high of $2080 three times, but returned under this zone. ℹ️ Recall that the more often the resistance/support level is touched, the weaker it becomes. 🔰 Outcome: We do not know exactly when the long-awaited increase will occur and we will not rule out another last wave of decline. However, we will earn the maximum from this asset and the members of our channel already know how to do it. There is such an opportunity and you can find all the information in the profile header 🎩 We can say with confidence that this year gold will show excellent dynamics and outperform many stocks in terms of profitability, so it is very important to have it in the portfolio.
GLong
by Dorado_Crypto
#PAXGETH - PAX Gold Outperforming #Ethereum?We could quite easily be seeing gains of around 20% with #PAXGOLD / #ETH as there appears to be one final sell-off with most crypto's in a final bull trap before real gains begin. PAXG seems to not trend like the rest recently and so whilst most coins were gaining, we netted a handsome Short profit with #PAXG, and now it looks like #PAXGOLD could outperform #ETHEREUM for the next few weeks. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
Long
by theCrypster
2