$PAXG /USDT - Testing Local Resistance
Market Update
PAX Gold (PAXG) is trading at $2,720, showing a modest gain of +0.70%. The price has tested the intraday high of $2,729 and is holding near resistance levels.
Entry Range: $2,715 - $2,725
Target 1: $2,740
Target 2: $2,760
Stop Loss: $2,690
Key Levels to Watch:
Support: $2,700 and $2,664
Resistance: $2,730 and $2,750
Analysis:
The asset is showing strength, with buyers stepping in near $2,700. A breakout above $2,730 could lead to further upward momentum toward $2,750 and beyond.
Pro Tip: Consider scaling into positions near $2,715 for a favorable risk-to-reward ratio. Monitor volume for confirmation of breakout strength.