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PAXGUSD

GOLD - last crash, then a new all time high! (buy here)GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy gold here, or enter a long position on futures with leverage to increase your potential profit.  You probably know that I am very bullish on GOLD for the next few years and expect at least a double in price. After many years of sideways price action, GOLD finally broke out and made a significant new all time high. GOLD seems undervalued and should go higher.  It's always important to look at the Elliott Wave analysis, as it gives us a better understanding of the whole market structure. Where on the map are we currently? On the chart, you can see an impulse wave (12345) and after such move we can expect a corrective structure, such as ABC or WXY. Usually, you want to take a Fibonacci retracement of the previous impulse wave and look for 0.382 FIB or 0.618 FIB. I don't think GOLD will go all the way down to 2155, that would be pretty bearish after the previous breakout to a new all time high. Buying gold at current levels is definitely a good idea, but if you want better price and timing, I would take the 0.382 FIB. This will also increase your risk-to-reward ratio. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
11
GOLD - Starting another wave up to 2720 (+17%)GOLD is in a strong bull market, that's for sure. The key to success is to trade with a trend to increase the probability of your decisions. GOLD is likely to make a multiyear bull market and can double or triple in price in a few years. Of course, if you hold GOLD, that's very smart for the upcoming years. But right now, we need to take a look at short-term opportunities for swing and day traders. What I generally recommend is to trade with the bullish trend and employ only long-term strategies. Avoid shorting GOLD in general. As you can see on my chart, we have an ascending parallel channel, and the price is near its dynamic support upward-sloping trendline. What we want to do here is enter a long position. Also, my Elliott Wave count suggests that GOLD is going to make another 2 huge waves to the upside in the following few weeks. Always start making your Elliott Wave count from the bottom of the trend. This trend started on October 5, 2023. If you see something like (1)(2)(1)(2) at the start of a trend, it is called an Elliott Wave nest, a strong bullish setup. This occurs very often on the stock market and in Bitcoin, so make sure you learn this technique. Overall, I am very bullish on GOLD and if you trade futures, you can make good money with leverage. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
24
GOLD - New all-time-high soon! (Buy now)Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty accurately, and the uptrend is valid as long as this trendline holds. Of course, nothing lasts forever, and to be bearish, we need to wait for more confirmation. It's always important to do an Elliott Wave technical analysis because markets always move in waves, not in a straight line. This helps us see the full picture of price action. As per my Elliott Wave count, we are in the final wave (5) of a major impulse wave of higher degree. This is something we need to take into consideration when establishing profit targets.  What is the profit target for this final wave (5)? Usually, what you want to do is take the Fibonacci extension tool and target the 0.382 or 0.618 Fibonacci extension. As you can see on my chart, I am expecting this wave to finish on the 0.382 fibo (at 2462), but I am also taking into consideration the next 0.618 fibo (at 2567). If you want to place your limit order as a profit target, place it slightly below these levels.  What will happen after we reach my profit target? I will show you in one of my next analyses, so make sure you follow my account! Let me know what you think about my analysis, and please hit boost and follow for more ideas about GOLD. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
10
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
PAX Gold (PAXG) - May 30hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (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 turn into an uptrend in the short and medium term. There is a possibility of a temporary decline to around 1823. At this point, you need to check whether it leads to an uptrend accompanied by volume. ---------------------------------- (PAXGBTC 1W chart) The key is whether it can rise from the bottom section of 0.02667-0.07. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
PAX GOLD PAXGUSDT - Buy gold with crypto / bullish triangle- 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 GOLD. - Gold is now consolidating on the weekly chart, but it looks like it will break up in the near future and is ready to a breakout to new all time highs.
Long
by UnknownUnicorn2537518
3
Long to your short entryBoomer 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 tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG. As always, Not a financial advice. COINBASE:BTCUSD OANDA:XAUUSD GEMINI:PAXGUSD BITFINEX:XAUTUSD
OANDA:XAUUSD
by Bitcoinnect
1
Exchange for Physical gold trade blew up - crypto had an answerLast 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 basis was around $8 USD but popped out to over $60 on numerous spikes. So the problem was the inability to access the physical gold market, but there were in fact two ways in which to get long physical gold at that time. The two solutions were Paxos Gold (traded on Kraken) and Perth Mint Gold Token (traded on KuCoin). Both these gold tokens that are directly convertible into the same form of gold that's traded in the institutional gold market - London Good Deliver Bars (LGDB). The simple play was to buy PaxG or PMGT and sell the inflated gold futures contract and then wait for the spread to come in. Of course one could have redeemed the token for physical gold and delivered that gold into the CME contract, but the first option is far cleaner and has more edge in it after fees.
COMEX_MINI:MGCM2020
by JK57