Gold is Bleeding Shorts!
$PAXG Liquidation Alert: $5,619.5 flushed out at $3359.99 – and that's just the beginning!
What does this mean?
The gold-backed stablecoin just took a swing at the bears. With short positions getting liquidated, momentum is flipping bullish – and smart money may already be loading up.
Here’s the full battle plan:
Buy Zone:
> $3320 – $3365
This is the golden reload zone. Volume is picking up, and the liquidation wick shows strong buy interest at these levels.
Target 1: $3425 – Test of previous high and psychological resistance.
Target 2: $3488 – Breakout territory if bulls gain control.
Target 3: $3550+ – Ultimate bull flag breakout zone if momentum sustains.
Stop-Loss:
> $3288 (Just below support and EMA cluster – if it dips here, the structure breaks).
Bonus Insight:
$PAXG often mirrors macro gold sentiment. With inflation fears creeping back and Fed uncertainty looming, gold-backed assets are back in play. This liquidation spike could be the spark before a gold rush.
Candle closed above $3359.99?
That’s your confirmation candle. Watch the volume. Watch the breakout. Ride the gold wave.