$PAXG Price Reclaims Near $5,100 Among Middle East Tensions and Oil Surge 🟡⚠️
$PAXG price currently trading below the psychological level of $5,100 but it is trying to hold above that level. Rising military tensions in the Middle East — now in day 10 of the US‑Israeli operation against Iran and reports of Mojtaba Khamenei’s appointment as Supreme Leader raising concern. These are driving the buying trend of #PAXGUSDT
Oil price has jumped sharply (over 25% in a day) 🔥 and fears of supply disruption from a potential Strait of Hormuz blockade have fueled higher inflation worries, weakening hopes for Fed easing and helping lift the US dollar to its highest since Nov 2025 💵. This double pressure (stronger dollar + oil price spike) keeps some pressure on #PAXGUSDT price, even as coordinated oil reserve releases limits the further downward movement of $XAU price.
Technically, as long as #PAXGUSDT price remains above the 20‑day SMA buyers likely control the market; a clear consolidation below that level would hand momentum to sellers. Investors should watch oil, USD strength, and middle east conflict closely.
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