🌞 Update market [4/12] [PAXG]. 💵
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📉 Technical analysis & Momentum (H1 timeframe):
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PAXG (Gold-pegged Token) is moving within a narrow range, suitable for a Range Trading strategy:
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Neutral indicator trending up: Stoch RSI is rising from the 47-59 zone, indicating that the slight upward momentum still has room to continue.
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Cloud support: The price is attempting to break above the red Kumo cloud. If it closes above 4210, the upward trend will be confirmed more clearly.
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👉 Commentary: Gold usually moves slowly, so it's better to hold longer positions or scalp small ranges.
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RECOMMENDED POSITION
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🥇 LONG ENTRY: 4200 - 4205.
🛑 SL: 4180.
🏆 TP1: 4230.
🏆 TP2: 4250.
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This article only suggests market information, not an investment call! #DYOR #NFA $PAXG
PAXGUSDT
Perp
4,199.88
-0.06%
