: Range Break Attempt – Gold-Backed Momentum 🚀
As gold-pegged assets surge to historic highs this week, $PAXG is showing massive strength. With the underlying commodity crossing the psychological $5,000 barrier, tokenized gold is seeing a significant "flight to safety" and institutional demand.
$PAXG is currently attempting a clean range breakout. If the price holds above the immediate resistance, we expect a rapid continuation toward new price discovery levels.
⚡️ Trade Setup
Entry Zone: $5,095 – $5,125
Bullish Confirmation: Above $5,140
Target 1 (TP1): $5,180
Target 2 (TP2): $5,240
Target 3 (TP3): $5,320
Stop Loss (SL): $5,030
🔍 Market Context & Catalysts
Safe Haven Demand: Amidst global macro shifts and #Mag7Earnings volatility, investors are rotating into RWA (Real World Assets) like PAXG.
Momentum: The 24/7 liquidity of $PAXG allows it to capture price discovery faster than traditional gold markets.
Support: Strong base formed near $5,000; light sell-side pressure indicates bulls remain in control.
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