Is PAXG/USDT Poised for Another Bull Run? Full Market Structure Breakdown
PAX Gold $PAXG has bounced off a strong demand zone around 3,218–3,240 USDT and is now trading at 3,328 USDT. On the 1‑hour chart, we’ve seen two key CHoCH (Change of Character) signals—one marking the bullish shift from the demand zone, the other warning of a potential bearish reversal near resistance.
Break of Structure (BoS):
After breaking the previous swing highs on May 3–4, price formed higher highs and higher lows, confirming bullish momentum—until the ascending trendline finally gave way.
Supply Zone:
3,327–3,340 USDT is acting as stiff resistance. A clean break above here could ignite the next leg up toward 3,370+.
Risk Level:
A drop below 3,318 USDT risks a deeper pullback into 3,280–3,260 USDT.
Takeaway:
Watch for a decisive close above 3,340 USDT to confirm bullish continuation. Otherwise, be prepared for a retest of lower supports. Adjust your entries, stops, and targets accordingly.
