As we all know, the Federal Reserve's decision to raise interest rates has far-reaching consequences for various asset classes. Historically, Gold has often been perceived as a haven during economic uncertainty. With the Fed signaling a more hawkish stance, it's worth considering whether hedge funds will flock to this precious metal again.
While the Fed's rate...
With the current economic climate swirling around debt like a hurricane, fiat currencies will be the big loser. People are waking up to the fact that currency is printed out of thin air, and in times of emergency - oblivion! Commodities will be the big winner, and cryptos with real world utility.
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...
According to the trend-based fibonacci analysis, PAXG gold will rise until it reaches $1658 USD or rise 1.26% or $26.07 USD
24-hour trading volume of $3,541,319 USD
PAX Gold is down .08% in the last 24 hours. CoinMarketCap's current ranking is #66, with a market cap of $532,708,649 USD. It has a circulating supply of 325,209 PAXG coins and the maximum supply is...
Here's the simplest way to play crypto over the next few months and still make money:
1st Simplest Profitable Crypto Setup into 2022:
-Long PAXGOLD
-Shit SHORTCOIN
Here's the second simplest and probably worth the non-existent risk at these levels:
-Long PAXGOLD
-Short Bitcoin
-Long MANA
No doubt some people out there believe that decentralized...
Hello everyone,
Today I have brought a PAXG analysis for you.
According to my estimation, the price will hit again the resistance level above.
After the retest of resistance, the price is likely to fall a price range below the current support level.
From there, the market should become bullsiher.
For those who don't know PAXG it's a crypto which value is related with the reserves of gold of a company called Paxos. Since Putin decided to attack Ukraine, as in every conflict, XAU (gold) started climbing after years of stagnancy and this drove up PAXG price as well.
PAXG has been in constant rise following XAU price since the 31st of January breaking out...
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 :)
