Gold enthusiasts today are enjoying profits, but the situation is becoming increasingly interesting at this level.
$PAXG just broke through a local resistance near 5,300 and is holding up quite well. If you look at the last candlestick body, we see a solid upward staircase pattern. Volume hasn't exploded yet, but buying pressure on the order book ( of more than 65%) indicates that people are positioning themselves for a bigger breakout.
I am closely monitoring the 5,450 level. If we turn it into support, we might see a rise toward the previous high around 5,600. If rejected here, I will look