$PAXG Trade Alert
The Digital Gold Rush 🏆📈
PAXG just hit an all-time high of $5,092 over the weekend. As spot gold nears the psychological $5,100 barrier, PAXG is seeing a surge in demand from traders rotating out of "risk-on" alts into tokenized real-world assets (RWA).
📊 The Technical Setup:
Current Price: ~$5,097
Immediate Resistance: $5,115 – $5,125. This is the current Fibonacci extension target. A clean break here opens the door to $5,400. 🚀
Critical Support: $4,980 – $5,000. The previous resistance has now flipped into a major psychological floor. 🧱
🎯 TPTargets:
TP 1: $5,110 (Short-term scalp / Resistance test). 💰
TP 2: $5,250 (Mid-term trend continuation). 📈
TP 3: $5,400 (Goldman Sachs' 2026 macro target). 🎯
SL: $4,890.
🛡️Note: The 7-day RSI is currently sitting at 95, indicating an extremely overbought condition. Expect a healthy consolidation before the next leg up.