$PAXG /USDT.

📊 Market Snapshot: PAXG/USDT

Current Price: $3,479.96

24h High: $3,497.00

24h Low: $3,467.26

Volume:

PAXG: 3,553.27

USDT: 12.38M

Exchange: Binance

Trend: Sideways to mild uptrend (tight range within ~$30)

⚙️ Trade Setup – 4H/1D Timeframe (Gold-Backed Asset)

🔵 Bullish Setup (Long Position)

Entry Zone:

Between $3,472 – $3,480 (current zone, near low)

Target 1 (TP1):

$3,495 – $3,497 (24h high)

Target 2 (TP2):

$3,515 – $3,525 (next gold resistance based on historical levels)

Stop Loss:

$3,465 (below 24h low support)

Tight SL if scalping: $3,470

Risk/Reward:

~1:1.5 to 1:2 depending on entry and TP

🔴 Bearish Setup (Short Position)

Entry (only if price breaks down):

Below $3,465

Target 1:

$3,450 (psychological round level)

Target 2:

$3,420 – $3,430 (older gold demand zones)

Stop Loss:

$3,485

🔁 Scalping Strategy (Tight Range)

Buy: ~$3,470 – $3,472

Sell: ~$3,495 – $3,497

SL: ~$3,465

TP: ~$3,497 – $3,505

This works well for stable tokens like PAXG due to narrow spreads and low volatility.

🪙 Notes on PAXG vs XAU

If spot gold (XAU/USD) rallies, PAXG will follow.

Monitor macro events (e.g., US inflation data, Fed news) which affect gold prices.

Safe haven demand = upward bias for PAXG.

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