The market does not forgive, but intelligent investors observe. In the last few hours, PAXG (Paxos Gold) has shown volatility that has left many in a bind, retreating more than 4% and breaking key supports.
1. Technical Analysis: What the charts say.
If we look at the short-term charts (1H/15m), the outlook is one of high tension:
Panic Zone: The price broke through the barrier of $4,900, looking for a floor near $4,810.
The RSI Signal: We are in oversold territory (31.08 pts). Historically, when the RSI reaches these levels, the asset is 'exhausted' from falling and tends to seek a technical rebound.
Moving Averages Cross: The immediate trend remains bearish, but the trading volume suggests that there are strong hands waiting at lower levels.
2. Fundamental Factors: Why this movement?
The behavior of PAXG today is not random; it responds to a perfect storm in the global metals market:
Strengthened Dollar: The Fed's stance on Kevin Warsh's nomination has injected steroids into the dollar, which inherently pressures gold downward.
Geopolitical Tension: Despite the decline, the latent conflict in the Middle East acts as a safety net. No one wants to let go of gold completely while the world is unstable.
Institutional Demand: Official data confirms inflows of $4.4 billion in gold ETFs, suggesting that institutions are buying the dip you see on your screen.
3. Expectations for the coming hours
Based on the current price action and market context:
Note: The volatility in PAXG today is higher than usual (it has reached higher volatility than Bitcoin in recent sessions). Do not trade on impulse, trade with strategy.
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