In the 12-hour time frame, as we said in the previous analysis, gold is in an ascending channel and has reacted to the bottom of the channel several times. As long as the support range is not broken, the ascending channel will be valid.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Gold is in an ascending channel in the 4-hour time frame, and if it reacts to the bottom of the channel, we expect the price to rise to the top of the channel. Of course, with the failure of the important support zone, the falling process will begin.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
PAX Gold has had a really healthy upward momentum for a couple of months, gaining well over 10% in the process; but now we have broken this clear channel on the underside.
Are the bears coming for PAXG? Or could this be a quick fakeout before returning to channel?
We have received a short signal from CTv2 which increases our suspicions of a bear market fast...
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(PAXGUSDT 1W Chart)
From a mid- to long-term perspective, it needs to rise above 1880 to continue the uptrend.
(1D chart)
If it finds support and rises in the 1845-1857 zone, it is expected to...
- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways.
- You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT.
- It is possible to use leverage on FTX with PAXGPERP futures.
- PAXG is practically copying the price of...
PAXG price at support zone and now at very good level we can see good bounce in this coin.
Price of paxg cryptocurrency coin has to rise from this support zone else it will become the resistance.
You can risk small amount here with stop loss below wick.
Boomer gold is still bearish, but shorting here has low R/R
This is a mean reversion trade
High volume profile node
D1 RSI oversold - potential mean reversion
Price is far from D1 kijun - potential mean reversion
Dumped harder than the other precious metals
Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
For...
Last month as a result of the Covid-19 lockdowns, the physical gold market was in such significant lock down that the basis between physical gold and paper gold (E.g. CME gold futures) blew out to black swan levels, costing numerous trading houses billions. This was because through the EFP trade these trading departments are short CME and long physical. The fair...
PAXG - redeemable to real gold, audited and regulated.
USDT - "Unfortunately, Tether has decided to stop serving U.S. individual and corporate customers altogether. As of January 1, 2018, no issuance or redeeming services will be available to these users."
Oh, and gold's price to usd looks great too ;)
Such a great concept. Thanks to Pax and Kraken. Realize the challenges involved, but the concept is amazing. Higher volume in March showing growth. And again: Gold price to Usd looks great :)
