Trend Structure and Moving Averages

The structure of $PAXG is strongly bullish. The asset is currently trading above 5,000 USD, after having strongly surpassed key psychological levels. The simple moving average of 30 days is around 4,558 USD, acting as the most immediate dynamic support in case of a correction. Meanwhile, the 200-day moving average maintains a constant positive slope, confirming that the long-term trend remains intact and healthy. As long as the price remains above the 50-period EMA, the institutional bias will continue to be bullish.

Oscillators and Momentum Indicators🚀

The 14-day RSI (Relative Strength Index) has reached deep overbought levels, sitting around 85.92. Technically, this indicates that the bullish movement is "extended," which historically precedes a consolidation phase or a necessary technical pullback to "cool" the market. However, in markets with strong macroeconomic momentum, the RSI can remain in overbought zones for prolonged periods.

The MACD shows a positive histogram (37.49) and the signal lines are diverging upwards, reinforcing that buyers are maintaining absolute control of the market at this moment. There are no signs of bearish divergence yet, suggesting that any drop would, for now, be a healthy profit-taking and not a trend change.

Support and Resistance Levels🚀

Immediate resistance is found at the recent all-time high near 5,100 USD. A sustained breakout above this level would open the way toward 5,200 USD, aligning with institutional projections that see gold (and therefore PAXG) aiming for 5,400 USD by the end of the year.

Regarding the supports, the first critical level to watch is the zone of 4,940 - 4,960 USD. If this level fails, the next structural support point is located at 4,500 USD, which previously acted as an important psychological resistance and should now provide solid support.

Volume and Volatility✅️

Trading volume has experienced significant spikes, exceeding 280 million dollars in 24 hours, validating the current bullish movement. However, open interest in derivatives has rapidly increased, raising intraday volatility and the possibility of "liquidations" of leveraged positions. Liquidity remains high on major exchanges, allowing for efficient execution for those who maintain operational discipline in the face of sector volatility.

Do your own research DYOR, as this article does not seek to give you investment advice but merely for educational purposes... #PAXGTutorialanalysis