$PAXG Reclaim or Rejection? Watch This Gold-Backed Play!
Current Price: $3,396.80 (▼ 1.46%)
After a sharp pullback from $3,483, PAXG is attempting to stabilize near $3,390 support. Price action is compressing between key horizontal zones — a volatile breakout is on the horizon.
Key Technical Levels
• Resistance Zone: $3,403 – $3,412
A clean break could open up upside toward $3,430+
• Support Zone: $3,390 – $3,380
Breakdown below this may trigger accelerated downside.
Trade Plan
Bullish Setup:
• Buy Trigger: Break and close above $3,403
• Target 1: $3,420
• Target 2: $3,440
• Stop-loss: Below $3,388
Bearish Setup:
• Sell Trigger: Break below $3,388
• Target 1: $3,370
• Target 2: $3,350
• Stop-loss: Above $3,405
Volume drying up post-drop indicates indecision. Wait for a strong breakout candle to confirm direction. Gold-backed tokens like PAXG often react sharply to macro moves — be alert!