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PAXGUSD trade ideas

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
Will Hedge Funds Turn to Gold Post Fed Rate Hike? Prudent Move?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 hike may initially drive investors towards more traditional assets, such as equities or bonds, it's essential to acknowledge the inherent risks and uncertainties. The global economic landscape remains fragile, with geopolitical tensions, inflation concerns, and the ongoing pandemic posing significant challenges. In such times, adopting a cautious approach and diversifying one's portfolio to mitigate potential risks is crucial. With its intrinsic value and historical role as a hedge against inflation and currency fluctuations, Gold has proven its worth time and again. It has the potential to offer stability and act as a safeguard against unforeseen market downturns. As hedge funds reassess their investment strategies in light of the Fed's actions, it may be prudent to consider Gold's role in protecting and preserving wealth. Therefore, I encourage you to contemplate the benefits of including Gold in your investment portfolio. While past performance does not indicate future results, history has shown that Gold can weather economic storms and provide a reliable store of value. By diversifying your assets and exploring Gold as an option, you can potentially mitigate the risks of a worsening economy. In conclusion, as the Fed's rate hike reverberates through the markets, we must remain vigilant and proactive in our investment decisions. Considering our uncertain times, it may be wise to reevaluate our strategies and explore the potential advantages of investing in Gold. By doing so, we can position ourselves to navigate any possible economic downturns that lie ahead. If you wish to discuss this further or explore gold investment opportunities, please comment below. Stay cautious, stay informed, and let us navigate these turbulent waters together.
GEMINI:PAXGUSDLong
by bryandowningqln
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
Long PaxGold + Mana, Short BitcoinHere'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 coins will, by default, become the next "obvious" safe haven against "risk assets" (lol), inflation, and becoming fully "employed." Despite these people's misuse and overuse of quotation marks, not to mention their nearly dogmatic misunderstanding that multiple safe-haven assets are allowed to trend up simultaneously... ...I do like the concept of decentralized currency very much. Perhaps even more than I do the concept of gold retaining physical value, ad infinitum. So, probably should, like, throw a couple hundred or grand at Mana, put it all in a vault, and wait until sometime soon before it doubles. -Piggish-Pax-Gold-Mana EIGHTCAP:PAXGUSD CME:BTC1! BITSTAMP:BTCUSD BINGBON:MANAUSDT CRYPTOCAP:TOTAL2 TOCOM:GOLD
EIGHTCAP:PAXGUSDLong
by UnknownUnicorn5511258
17
PAXG the coin of the momentFor 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 what it could either be a pennant or a symmetrical triangle. I always look at the worst case scenario, in this case we could have a final price which could reach almost 2300 USD. However I think this is not the time to buy PAXG until it won't retrace. You're watching the weekly chart but that green candle has been formed mostly today and price is hovering in a zone wehre VLPR shows little trading action. Buying here would mean betting on the fact that price would keep panic buying gold... WHICH CAN HAPPEN. But I don't like to bet and I don't have any PAXG yet so I think I'll sit this one out until it retraces. Final consideration: war sucks!
KRAKEN:PAXGUSD
by Shotokhan
3