Bullish Bat on PAXGbullish bat
at 88% retrace
also on the weekly S2
with a double bottom
oscillators on 4 and 8 on the bottom...
Paxgold
PAXG is unlikely to be bullish for short termsPAXG has 2 approaching support which made a strong support but its somehow inevitable as the lines shows and the trend Is going to break it and goes for bearish stance
PAXG/USDT 4h is still bearish so still not profitable to investPAX gold is bearish as the overall trend obviously shows it and it crossed dynamic support plotted in the chart so its going to be either neutral for next days or bearish, no signs of bullish for now so still not profitable as we expect
PAXG/BTC 4h (Binance Spot) Descending channel on support, againI know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it.
XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips!
Current Price= 0.12701
Buy Entry= 0.12535 - 0.12161
Take Profit= 0.13208 | 0.13858 | 0.14987
Stop Loss= 0.11488
Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07
Expected Profit= +6.96% | +12.23% | +21.37%
Possible Loss= -6.96%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 360h
Gold breaking pattern to breakout!Events in the last couple of days, namely the US lame-duck-type of elections outcome have triggered a series of market movements. Gold appears to be breaking its longer term pattern to form the cup handle, and is breaking out of yet another wedge.
This break out appears technically legit as gold failed to make an expected lower low, but bounced strongly off a support instead. The recent price action is supported by MACD and relative strength indicators as a move with legs. The breakout from the falling wedge puts a price target at the previous historical high of 2080 by the end of the year 2020.
All these appear supported by a further falling of the USD as well.
PAXG/BTC 12h (Binance Spot) Descending channel on support#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar.
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
XAUUSD - GOLD XAUUSD break out the resistance line the uptrend channel and now we go to 38.2% level Fibonacci
Best regards EXCAVO
