$PAXG /USDT – Daily Chart Analysis

Gold-Backed Token Eyes Fresh Highs Amid Bullish Structure

🟢 Overview:

PAXG (PAX Gold) remains in a strong uptrend, riding above all major moving averages. The recent price action suggests healthy consolidation after testing local highs near $3,600.

🔍 Technical Structure:

MA 7 ($3,405) and MA 25 ($3,381) are closely aligned and currently holding as dynamic support.

Price remains well above the MA 99 ($3,263), signaling long-term bullish momentum.

Recent pullbacks were met with buyer interest — no lower lows formed.

🎯 Key Levels:

Support 1: $3,400 (MA confluence zone)

Support 2: $3,260 (MA 99 and key trendline)

Resistance 1: $3,600 (local top)

Target 1: $3,700+ if breakout confirmed

Target 2: $3,900 (potential all-time high test)

📈 Momentum Outlook:

Trend remains intact unless $3,260 is lost on high volume.

Any breakout above $3,600 with volume could spark a leg toward $3,700–$3,900.

🛡️ Safe-haven demand for gold remains a macro tailwind — PAXG may continue to outperform in risk-off environments.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!