
We witnessed a historic movement of the yellow metal in the past hours, as gold broke traditional levels to reach an international price of $4,654.50 per ounce. This crazy rise directly reflected on the PAXG currency on the Binance platform, putting traders in front of critical scenarios.
📊 Real-time chart analysis: Where to next?
The price is now trading in an 'unknown area' after breaking previous peaks, and here's the roadmap:
Profit-taking Zone (Sell Zone): Levels $4,700 - $4,720 are considered a strong psychological resistance area. If you are in long positions from lower levels, easing here is smart, not fear.
Bounce Support (Buy the Dip): In case of a natural correction for profit-taking, levels $4,550 will be the "second entry opportunity" for latecomers.
Next Target: Holding above $4,750 technically opens the door towards $4,800.
💡 Quick "Scalping" Recommendation
Avoid buying with a "Market Order" now due to high volatility and a wide price gap. Place limit orders at the mentioned support areas, and watch the closing of the four-hour candle; if it closes below $4,500, exit immediately to protect your capital.
Tip for traders: Gold is moving strongly due to economic tensions, so PAXG liquidity on Binance is the fastest way for you to benefit from this rise compared to physical gold.
