🐂 Hey everyone, checking out $PAXG $XAU – it's in a pretty clear downtrend right now, and honestly, it looks oversold after all that selling pressure.
Volume's been picking up on those drops, which screams sellers are active. On the capital side, contracts are showing heavy outflows at -8.39M USDT over 24h and -13.17M over 7D, real bearish vibes there. Spot's not much better with -10.83M in 24h and -26.67M in 7D, just nonstop selling. But hey, those short-term 4H inflows at +1.43M make me think we might be nearing a local bottom.
My Trading call $PAXG : I'm going cautious long for a counter-trend scalp.
Jump in around 4340-4350 if you see some signs like 5m price holding above 4340, RSI popping back over 30, or volume easing under 3000 – that'd confirm it's stabilizing.
Stop at 4290 USDT to cap risk at about 3.5%.
Target around 4450 for a quick 2.3% gain, but keep it tight given the volatility and how stretched it is.
This is more for aggressive folks; if you're conservative, wait for MACD to perk up or volume to back it. Anyone else watching PAXG? Thoughts on a rebound? #PAXG #PAXGUSDT #XAU #xauusdt #BTCVSGOLD