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PAXG

$PAXG/BTC 12h (#BinanceSpot) Ascending channel on supportPaxos Gold is pulling back and retesting 100EMA where it is likely to bounce and continue bullish, let's hedge crypto! If you know how to Margin trade, you can use up to 2x for that set-up Current Price= 0.04565 Buy Entry= 0.04553 - 0.04381 Take Profit= 0.05023 | 0.05473 | 0.05972 Stop Loss= 0.04096 Risk/Reward= 1:1.5 | 1:2.71 | 1:4.03 Expected Profit= +12.45% | +22.52% | +33.63% Possible Loss= -8.31% Fib. Retracement= 0.5 | 0.883 | 1.272 Margin Leverage= 1x | 2x Estimated Gain-time= 5 weeks Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal Website: paxos.com Contracts: #ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78 #BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7 #BEP2 PAXG-9B2
Long
by TradingOn
XAU/USD - Major Breakout, Path to $2,800! 😎Gold broke out from the pennant in blue and this may be the start of a major rally upwards. The first key resistance will be found at around $2,000. Once that turns into support, I don't see why Gold can't just FOMO towards $2,800. Why $2,800? It is the next major Fib level that also coincides with a nice impulse sub-wave 5. The macro picture and world events also support this case. I mean, you can't have 8% "official inflation" and expect Gold to crash. Real inflation is probably twice that. Or the threat of war looming in Europe without big investors hedging some of these risks. Why not buy some Gold if BTC is too "volatile". Hence the current price action. Plus, Gold had a nice consolidation since 2020, it was time for some action and volatility. Before 2022 ends, Gold should comfortably sit above $2,000 if the above hypothesis is true. Let's see where this takes us. Like and follow if you liked my idea!
FX_IDC:XAUUSDLong
by DU09
PAXGBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. There is the S1 line which the price has hit and was not supported. The price has slightly broken he S1 line but came back up. There are 2 resistance lines, R1 and R2. We expect the price to hit the S1 line once more and then break the R1 line moving toward the R2 zone. But if it comes lower than the S1 line, it can see lower prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
PAXG safe heaven assets Market Outlook: Something that has happened to the cryptocurrency prices the past couple of days is a decrease in the price, which could be explained by the global energy crises and a stricter monetary policy from the Federal Reserve (Fed). Another reason to this decline is the restrictions the cryptocurrency economy, which has made the trading of cryptocurrencies more worrisome for investors. The global energy crises causes higher energy prices which causes a further causes disbelief in the Proof of Work the mechanism that for example both the Bitcoin and the Ethereum blockchain share, where it takes a lot of energy to power these blockchains. In extension are investors less likely to invest in a Proof of Work coin and therefore takes profits or sells these coins to make profits elsewhere. A structure Fed usually also leads to investors dumping high volatile assets such as crypto-currencies and tech company stocks. To invest in safe heaven asset such as Gold and Silver. The Fed has now come out with plans on reducing the balance sheet and increased the interest rates, meaning that the ultra low interest rates from the Covid-19 pandemic were not justified. Something that has also been seen in conjunction with this is the United States supply chain issue has caused high inflation and to combat these two main issues is the Fed going to increase interest rates. PAXG Analysis: Position: Long Entry price: 1856 USD Target price 1: Hold the asset until the plausible recession is over Indicators: EMA 50/200: This is the Exponential Moving Average for 50 days and 200 days. The EMA 50 shows signals of a uptrend, which we have seen right now the past couple of days while the EMA 200 shows signals of long term stability. RSI: The RSI line is at 62, and shows signs of being overbought, while the average is showing a smoother line at 59 and shows signals of being overbought. We can see in these lines that the overarching trend that the average is still having steam upwards while. Keltner Channels: Keltner Channels measures volatility, and as of right now is PAXG in the upper channel signaling that upwards price movement The EMA 50/200 is showing a upwards trend and the Keltner Channels are showing a similar price movement, where the price is moving upwards but if the price were to drop to the lower Keltner Channel would it only be a drop in 3%. We can also see that the RSI is overbought but the price movement is not stopping as the average RSI is still moving upwards and showing steam going forward. Trade at your own risk. No financial advice
PLong
by vf_investment
1
PAX GOLD PAXGUSDT - Buy gold with crypto / bullish triangle- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways. - You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT. - It is possible to use leverage on FTX with PAXGPERP futures. - PAXG is practically copying the price of GOLD. - Gold is now consolidating on the weekly chart, but it looks like it will break up in the near future and is ready to a breakout to new all time highs.
Long
by UnknownUnicorn2537518
3
PAXG/BTC buy opportunityHi followers, BINANCE:PAXGBTC formed beautiful trading setup, after a big drop in price, the pair consolidate sideways for nice period of time, above important support area. After which the pair formed higher low, suggesting positive reversal in price, break above the sideways move and a retest of that area. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long
by FradkinXBT
Time for PAXG?As a crypto asset backed by real gold, is it time to put some money in PAXG in case of the upcoming big recession ? Well to answer that, YES and NO... 1. We don't know when will the recession comes 2. We don't know whether it will come or not (LOL) But still, it's better to be safe rather to be sorry!!!! My entry price point would probably be in the fibonacci retracement level (fib box)... As I still believe the bull or this cycle economic hype isn't over yet, I am waiting for a better entry point before putting my money on gold or crypto backed by gold!!! Yes it can certainly goes way more down before we found a bottom in case the economic bull is too strong... but interesting thing to keep in mind is that, we have a strong red line that has ben perfectly tested 3 times... I have put a green marker on it!!! So with this in mind, scaling in into gold backed asset would probably a good idea as to minimize your risk... Still, this is just my speculation, and gold could also soar high from this point and we don't see any retracement especially as many investment company or retail investor are now looking at gold... #NotFinancialAdvise #PersonalView
by ZombieGod11
$PAXG/BTC 4h (Binance Spot) Falling wedge near breakoutPaxos Gold broke-out of the descending TL and regained 50MA support, breaking the wedge would send it higher. This is a hedge against crypto, if you know how to Margin trade, you could use up to 3x for that set-up! Current Price= 0.03874 Buy Entry= 0.03880 - 0.03802 Take Profit= 0.04099 | 0.04229 | 0.04399 Stop Loss= 0.03647 Risk/Reward= 1:1.33 | 1:2 | 1:2.88 Expected Profit= +6.72% | +10.10% | +14.53% Possible Loss= -5.05% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 10 days
Long
by TradingOn
$PAXG/BTC 1D (Binance Spot) Ascending triangle on supportPax Gold is forming a very bullish pattern and is likely to bounce after 100EMA retest, maybe even break-out later. Also, support could break-down because of Bitcoin bullishness, but let's take that trade as a crypto hedge! Current Price= 0.04853 Buy Entry= 0.04820 - 0.04660 Take Profit= 0.05374 | 0.05814 | 0.06650 Stop Loss= 0.04231 Risk/Reward= 1:1.25 | 1:2.11 | 1:3.75 Expected Profit= +13.38% | +22.66% | +10.30% Possible Loss= -10.74% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1.5 months
Long
by TradingOn
#GOLD ready to shine again? Seasonality confirms positive TAAs per my earlier RT (Retweet) on twitter, gold tends to display strong seasonality in the second half of the year. The end of May/beginning of June is usually the turning point where gold bottoms and rallies for the remainder of the year. With the USD under pressure and looking to move lower, Gold is in a perfect spot to continue its explosive rally of recent times. From a TA (Technical Analysis) perspective, it is very clear we have now broken out of the declining channel which has been in place since topping out in August last year. I have a minimum target from the channel of $2163 which is approximately 18% from the breakout point. The MACD indicator has had its crossover and the RSI indicator has reclaimed the important 50 level. We have also reclaimed the yearly pivot (blue line) which is another constructive development. Since the action prior to this channel consolidation period was positive, the odds favour the thesis that the channel pattern formed was a continuation pattern and I would be very surprised should gold not exhibit strength in the second half of the year. (especially given the fact that seasonality is now in favour of the yellow metal)
TVC:GOLDLong
by MarcoOlevano
5
90 Days USDT uncertainty turning to PAXGIn my opinion cryptomarket,will bleed huge. My fundamental analysis: NYAG needs documents from $USDT within 90 days, USDT market cap still rises as they print money, but in my thought at some point they need to redeem and burn their tokens in order to get their documentation in place. Every crypto (altcoin,bitcoin) graph draws head and shoulders on the chart, I don't want to keep USDT either. Lokking at USD/Gold chart we have strong support level at $1690, where we should bounce to $1750. Looking at Btc/Gold chart I showed all the resistance levels (my targets): resistance red lines not as strong as resistance blue horizontal lines and black is very strong resistance level. If you dont understand something, I would gratefully answer all of your questions. Not financial advise, do your own research and good luck
Long
by ArturMemetov