$PAXG Price Remains Near $5,161 as Middle East Tensions Pushing Oil Price Up 🪙🔥
$PAXG is attracting buyers again and is trading around the $5,150 level as military conflict in Middle East is rising and it is driving the demand of safe‑haven asset.
Oil price has jumped to its highest since June 2025 after reports that the Strait of Hormuz was nearly blocked, and US President Trump said that the current military raid may last four to five weeks — news that panicked the markets and boosted the demand of $XAU ⛽️⚠️
The stronger dollar, near yearly highs, is capping gold’s immediate upside potential, but technical picture looks positive: #PAXG price sits above key moving averages and daily oscillators are in the buy zone. 📈 For now, traders are advised to wait for a confident breakout and consolidation above $5,200 before opening new long positions of #PAXGUSDT as that would signal a clearer bullish trend.