$PAXG — rejection from highs, watching demand for continuation
Long $PAXG (pullback-based)
Entry: 4,980 – 5,000
SL: 4,940
TP1: 5,060
TP2: 5,120
TP3: 5,200
PAXG printed a strong impulsive move from the 4,930–4,950 demand zone, followed by a sharp rejection near the 5,050 resistance, forming a healthy pullback on the 4H timeframe. The rejection candle suggests profit-taking rather than full trend reversal.
Price is currently hovering around the 5,000 psychological level, a key decision zone. As long as PAXG holds above the 4,980 support, the broader bullish structure remains intact and favors continuation.
A clean reclaim and acceptance above 5,060 could trigger the next expansion toward 5,120 and 5,200. Losing 4,940 would invalidate the setup and signal a deeper correction toward lower demand.
PAXG
4,939.42
-3.06%