$PAXG continues to trade within a tight bullish channel, maintaining strength above key technical levels. The market structure remains positive as long as prices sustain above the $2,420 support zone, signaling strong institutional demand and safe-haven interest.
📈 Technical Overview:
Trend Bias: Bullish above $2,420
Immediate Resistance: $2,460 – $2,475
Major Support: $2,400 – $2,420
RSI (Daily): Holding near 58, indicating healthy upward momentum without overbought pressure
50-Day EMA: Acting as dynamic support, confirming medium-term strength
Fundamentally, gold’s stability is backed by a softening U.S. Dollar Index and steady ETF inflows, while geopolitical and inflation risks continue to anchor safe-haven buying.
On Square Binance, professional traders are monitoring a breakout confirmation above $2,465, which could trigger short-term momentum toward $2,490–$2,500 levels. Failure to hold $2,420 may invite corrective pullbacks toward $2,390.
Technical Sentiment:
🔹 Short-Term: Bullish Consolidation
🔹 Medium-Term: Uptrend intact above $2,420
🔹 Strategy: Buy-on-dips approach favored until structure breaks below key support
