$PAXG long trade signal
📈 The Setup: Long / Buy
• Entry Zone: $4,600 – $4,625 (Look for a retest of immediate support).
• Take Profit 1 (Conservative): $4,685 (Just below All-Time High).
• Take Profit 2 (Aggressive): $4,750 (Price discovery mode).
• Stop Loss: $4,550 (Invalidation below recent 4H consolidation).
📊 Technical Rationale
1. Gold Correlation: PAXG is pegged to physical gold, which remains in a strong uptrend but is showing signs of short-term exhaustion (RSI ~66). A minor cool-off is expected before the next leg up.
2. Support Strength: The $4,580–$4,600 zone aligns with the 50-day moving average and recent consolidation, acting as a strong floor.
3. Breakout Potential: A daily close above $4,690 would invalidate the need for a dip and likely trigger a rally toward $4,800.
