$PAXG
Gold is falling uncontrollably along with silver (losing nearly 50% indicates very strong short-selling pressure from the sellers)
Guys, don't rush to catch the bottom or you might get burned - from the entry point of 5555, gold will have to drop to 4500-4200-4000 first, then sideways waiting for signals for you to gradually DCA more.
I predict it will continue to drop to 3600-2800 before finding a balance point, which is quite attractive if at that position the whales will consider.
What do you think?
PAXGUSDT
Perp
4,716.32
-1.94%
XAUUSDT
Perp
4,688.01
-3.43%