$PAXG UNDER PRESSURE: Gold-Backed Stability Faces Local Resistance
PAXG is showing signs of indecision just below the $3,360 mark. Despite minor volatility, volume remains low, indicating a consolidation phase that could lead to a sharp move soon.
Current Price: $3,353.89
24h High: $3,361.50
24h Volume: 1,561 PAXG
Key Levels to Watch
Resistance Zone: $3,356 – $3,360
• Clean breakout above could push price toward $3,368 and $3,375
Support Zone: $3,351 – $3,348
• A breakdown below this area may revisit $3,340 and $3,332 levels
Trade Scenarios
Bullish Setup
• Hold above $3,356 with strong buying volume
Targets:
• $3,368
• $3,375
Bearish Setup
• Drop below $3,351 support
Targets:
• $3,340
• $3,332
Verdict: With low volatility and tight candles, PAXG is moving in sync with gold’s macro tone. A breakout could be slow but firm. Stay alert near $3,356 – it’s the key battleground.