$PAXG (PAX Gold) Technical Analysis: Consolidating Near $4,600 Support 📉

​Entry Zone: $4,540.00 – $4,600.00
Bullish Above: $4,780.00
Target 1 (TP1): $4,720.00
Target 2 (TP2): $4,850.00
Target 3 (TP3): $5,150.00
Stop Loss (SL): $4,480.00

​$PAXG is currently navigating a corrective phase on the 4H chart, trading at $4,609.82 with a minor -0.84% decline today. The price action reflects a period of stabilization after a rejection from local highs near $4,771, with the asset currently finding a floor near the $4,600 psychological level. As a gold-pegged asset, $PAXG is showing resilience despite broader crypto market volatility, though it is currently trading below its 50-day moving average ($4,643), which is acting as overhead resistance.

​The 24h trading volume is robust at $190M, indicating steady liquidity as investors treat this level as a potential re-entry point. For a renewed bullish trajectory, PAXG needs to reclaim the $4,700 mark. A failure to hold the current $4,600 support could lead to a deeper retest of the $4,540 liquidity zone.

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