$PAXG is experiencing a sharp correction on the 1H timeframe, with sellers taking control after failing to hold above the ₹425K–₹430K region. 📉
📊 Market Overview:
🔹 Price: ₹413,416 ($4,336.69)
🔹 24H Change: -3.01%
🔹 Recent Low: $4,333.24
🔹 RSI(6): 10.98 — deeply oversold
🔹 Volume surged during the selloff, signaling strong liquidation activity
The chart shows a sudden breakdown from the $4,460-$4,500 range, followed by a spike in volume and a move into oversold territory. While this may attract dip buyers, the trend remains bearish until a clear recovery structure forms.
👀 Key Levels:
🟢 Support: $4,333
🔴 Resistance: $4,415 – $4,460 ⚡ RSI below 20 often signals exhaustion in selling pressure, but confirmation is still needed.
Short-term traders should watch for a bounce from current levels, while risk management remains essential during high-volatility moves.
#PAXG #GoldToken #DYOR #TradingAnalysis