$PAXG push back from bottom đȘđȘđȘ
đš PAXG (PAX Gold) Update
đ Bullish safe-haven demand: PAXG reclaimed ~$5,000+ levels with strong demand as gold price rebounds and tokenized gold gains traction. Recent pullbacks remain within a broader bullish structure.
đ° New retail access: Robinhood now lists spot PAXG, expanding mainstream accessibility to tokenized gold.
đ Macro risk drivers â delayed U.S. jobs data and market uncertainty could fuel defensive asset flows into PAXG and gold tokens.
đ€ XAUT vs PAXG narrative: Gold-backed token competition is heating up as spot metal gains and investors compare digital gold vehicles.
đ Technical View (Short-Term)
âą Key levels: watch support around recent ~$4.8Kâ$4.9K zone and resistance near ~$5.2Kâ$5.5K â price mirrors physical gold reference.
âą Trend: sideways with mild bullish bias driven by macro hedging flows; break above resistance may signal renewed momentum
âą Volatility: token remains tied to physical gold markets â limited crypto-style swings when bullion markets are closed.
đ Bias: BullishâDefensive | Safe-haven hedge tied to gold fundamentals
#PAXG #Gold #SafeHaven #RWA #BinanceSquare đšđ
