$PAXG PAXG/USDT Perspectives: Short and Medium Term
Estimated general trend: Slightly bearish to sideways with a probability of 55%. Bullish probability: 45%.
🔖Recent main arguments: Gold prices have shown a decline today, influenced by the appreciation of the dollar and cautious investor sentiment ahead of important inflation data. Some short-term technical analyses suggest a possible continuation of the correction towards support levels, although others see the possibility of a rebound if the dollar weakens or geopolitical concerns increase. A consolidation in lower ranges is observed after the recent pullback.
💹Volatility estimate: Medium with a probability of 60%. Although the recent trend suggests some calm after previous volatility, gold's sensitivity to economic news and dollar movements could generate fluctuations.
Possible relevant stop-loss levels for this term: For long positions, consider levels slightly below recent supports, for example, $3250 - $3265. For short positions, levels slightly above recent resistances, for example, $3300 - $3315.