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Paxgold

PAXGUSD: A Crypto tracking Gold & ownership of the asset Easier simply to quote what it's all about from their website Paxos.com PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company. I just took a look at the Gold and Silver charts and their medium & longer term outlook. I can't even see a decent correction on the nearby horizon, Silver looks even in greater shape than Gold but both are staying strong and bullish is my assessment. This PAXG they are talking about a massive compounding of its price in only a year or 2 and beyond that it is almost hard to believe. DYOR. "PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company."
EIGHTCAP:PAXGUSDLong
by Easy_Explosive_Trading
2
BTC vs VirtualGold- Did you ever notice that BTC and PaxGold/BTC have a perpetual inverted correlation ? - All Pax Gold tokens are backed 1:1 by ounces of London Good Delivery bars held in Brink's vaults. - Allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit. Availability of FDIC Insurance for Stablecoin Reserves. - PaxGold acts as store of value when BTC dip. - Some Whales don't like to switch their BTC to stable coins. - So they just turn on PaxGold when BTC crash. - This also can be a good alternative if you don't use too heavy Leverage. - Keep 50% in BTC. - Keep 50% in PaxGold. - if you are fast enough, you could find a way to make some bucks. PS : Don't forget that this analyze is 100% paired with BTC. Happy Tr4Ding !
by thecryer
2
#PAXG/BTC 3D (Binance) Descending wedge on supportPax Gold printed a dragonfly doji and looks ready for mid-term recovery towards 50MA, in sats. ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 13.1% Current Price: 0.05392 Entry Targets: 1) 0.05301 Take-Profit Targets: 1) 0.06309 Stop Targets: 1) 0.04897 Published By: @Zblaba LSE:PAXG BINANCE:PAXGBTC TVC:XAU TVC:GOLD paxos.com/paxgold Risk/Reward= 1:2.5 Expected Profit= +19.0% Possible Loss= -7.6% Estimated Gaintime= 2-3 months
Long
by TradingOn
#GOLD vs. #BITCOINIn this chart you see #paxgold / #bitcoin . This charts indicates the power of #xaugold against #btc . Gold has formed an descending pennant and this pattern is commonly ends up with bullish move. And also , gold is now sitting on a major vertical support zone. I expect #xauusd to outperform #bitcoinusd for weeks if this bullish pattern breaks out. If this breakout works: Gold is a slowly moving instrument, if gold slightly outperforms btc, this may be also so bearish for bitcoin. NOT FINANCIAL ADVICE. dyor.
by naphyse
$PAXG/USDT 1D (#Bybit) Rising wedge breakdown and retestPaxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support. ⚡️⚡️ #PAXG/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (12.0X) Amount: 8.6% Current Price: 2010 Entry Targets: 1) 2023 Take-Profit Targets: 1) 1945 Stop Targets: 1) 2062 Published By: @Zblaba LSE:PAXG #PAXGUSDT #Paxos #Gold #PaxGold #XAU #PreciousMetal paxos.com Risk/Reward= 1:2 Expected Profit= +46.3% Possible Loss= -23.1% Estimated Gaintime= 3-4 weeks
Short
by TradingOn
4
#PAXGETH - PAX Gold Outperforming #Ethereum?We could quite easily be seeing gains of around 20% with #PAXGOLD / #ETH as there appears to be one final sell-off with most crypto's in a final bull trap before real gains begin. PAXG seems to not trend like the rest recently and so whilst most coins were gaining, we netted a handsome Short profit with #PAXG, and now it looks like #PAXGOLD could outperform #ETHEREUM for the next few weeks. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
Long
by theCrypster
2
#PAXGBTC - Finally Rising After 30% DeclineWe bagged a huge Short trade recently with #PAXGOLD to make up for some null trades before-hand. Now we've got a Long signal from CTv2 coming off an historic support line. We'll be looking for 7% to reach first TP, 15% to second TP, and let the rest float on until reversal. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
Long
by theCrypster
2
PAXGUSD - Tested & Broken Channel SupportPAX 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 approaching. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:PAXGUSDShort
by theCrypster
16
Why PAXG has a downside spike but other GOLD charts don't?!?Hello, newbie here was looking to trade PAXG gold on bybit ( with bearish bias) but I noticed this huge liquidity spike to the down side, which I don't see on other non crypto related Gold charts. Does anyone have any ideas why this is? It has scared me off going short and now I am thinking to go long instead. So confused. Take a look at this: vs this! Please can someone explain this to me? I thought it PAXG was a gold peg, but the spike doesn't seem to show up on gold's other price charts? Or am I just being a dumbass? Uncle google cannot explain this to me. Here's to hoping someone with more experience can answer this burning question I have? Thank you!
CAPITALCOM:GOLD
by Jimbacca
$PAXG/BTC 2D (#Binance) Ascending wedge on supportPaxos Gold suddenly pulled back to 100EMA and RSI looks oversold, a bounce seems likely. This is obviously due to Bitcoin recent recovery, let's hedge our Satoshi bag here! ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: KuCoin, Binance Signal Type: Regular (Long) Amount: 12.4% Current Price: 0.08973 Entry Targets: 1) 0.08915 Take-Profit Targets: 1) 0.09987 Stop Targets: 1) 0.08198 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +12.0% Possible Loss= -8.0%
Long
by TradingOn
2
PAXGEUR - Broken through support with Strong Upward MovePAX Gold could be well on it's way to making between 5-10% gains in the coming days or weeks. We've just broken through some layers of descending resistance quite strongly - combine that with a nice level of support on the underside and a nice Buy signal from our Crypto Tipster v2 indicator and we could be looking at a high on PAXG we haven't seen for the best part of a year! If you enjoyed this idea, agree or indeed disagree - drop us a comment, like & follow! :)
Long
by theCrypster
2
PAXGBTC 'D' - Ranging market followed by a huge 50% RisePAXG looks like it's going to ranging within it's current area of consolidation for at least a few weeks, maybe even months - there's still a potential for plenty of smaller trades within this range, but we'd wait for the upward trend line to squeeze this area of consolidation to a point of breaking. With plenty of support on the underside and not much resistance above, combined with an upward facing trend line in which the price has bounced off numerous times historically, it looks to us that when the price does break, it'll break upward - with the next level of strong resistance being a huge 50% above the current trading price. Let's wait a couple of months and see what happens! What do you guys think?
Long
by theCrypster