PAX Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
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(PAXGUSDT 1W Chart)
From a mid- to long-term perspective, it needs to rise above 1880 to continue the uptrend.
If it finds support and rises in the 1845-1857 zone, it is expected to...
As BTC dumped under 40k, Pax gold could pump if it shows more volume
Trade wisely, and remember that this is not financial advice.
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This is a great strategy during a long downtrend vs putting your powder on the sidelines. PAXG is backed by gold so it has much lower risk. Doing this at KuCoin is giving me 40% APR for the last couple of months. Your mileage will vary due to entry points, etc. but mostly PAXG goes sideways with plenty of wicks for arbitrage.
if you divide paxg by gold (commodity not gld), then you'll notice that there are very tradeable signals. In a perfect world, these would track each other with uncanny precision. That is not the case with this pair. There are times when the relationship is trading in favor of PAXG ie, PAXG is temporarily trading at a premium to the commodity so one could sell...
Given the current fundamental situation - Russian-Ukrainian conflict - we would like to remind some good practices for the small investor and retail trader taking inspiration from the excellent book by Cosimo Natoli and Stefano Natoli "Terrorism, War and Financial Markets" published by Trading Library. In this interesting book the authors analyze how financial...
- 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...
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
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.
Reverse Head and Shoulders , Cypher .... İf Head and Shoulders will work with a good candle Cypher will try to send the moves to support channel.
İf not cypher will send the prize inside the RH&S . These are all my opinion , lets see what will happen. İt is a daily chart and it will take a few weeks.