🚨 Gold-backed crypto is sliding and this chart shows exactly why.

PAXG/USDT is forming a clean Channel Down on the 5M chart. 4 resistance rejections. 4 support touches. Price keeps getting capped every time it tries to recover.

Is the gold rally cooling off? Or is this a setup before a sharp move up?

👀 The channel is still forming. Decision time is close.

💬 Bullish or bearish on PAXG right now? Drop your call 👇

Spotted using ChartScout.

⚠️ DYOR. Not financial advice.

#PAXG #GoldCrypto #cryptotrading #TechnicalAnalysis #ChartScout