PAXG/USDT · 1D · 8 Nov 2026
PAX Gold (PAXG) price analysis — daily chart
PAX Gold (PAXG) is at 4,057 on the 1D chart. The setup is clearly bearish while PAXG stays under 4,098: price has bounced into a level that used to be support and now acts as a ceiling.
Daily downtrend since Sep 16, bouncing from the 3,889 low — the last lower high is 4,139
The read
The setup is clearly bearish while PAXG stays under 4,098: price has bounced into a level that used to be support and now acts as a ceiling.
Backing it: on the daily chart, each peak and each dip has been lower than the last.
Price is under the 50-day average (4,134), which sits on the 4,139 line. It is under the 200-day average (4,292).
The last 5 days are up 2.8%, nearly every low higher than the one before.
Price is 2.0% under 4,139,, the last lower high, and 4.3% over 3,889,, the trend's low.
What kills the setup: a daily close over 4,098, 1.0% away.
Why
For it: price is under the average price buyers have paid since the 3,960 low, 4,245, so those buyers are losing money; more trading has happened on down candles than on up ones, so sellers have been the more active side.
Against it: the last 5 days are up 2.8%; the selling is losing force: price made a lower low, but momentum (MACD) did not follow it down; The trend has real strength, with the buyers in control.
If-then
While PAXG stays under 4,098 the setup stays bearish; 3,889 is the next line it has to break.
A 1D close above 4,098 ends the bounce into resistance in a downtrend; the next level up is 4,194.
A 1D close below 3,889 carries the downtrend past its last low; no tested level below it on this chart — the next round number is 3,500.
Key levels
3,889 is the floor — the trend's low, set Oct 30. It is also the prior week low.
4,139 is the ceiling — the last lower high (Nov 5) — the line the downtrend stays under.
4,005, the 3-TF support 1.3% below price: buyers turned price there on 5 of 9 visits.
The full picture
PAXG has been in a downtrend since Sep 16: its lows have stepped down (4,238, then 4,085, then 3,889), and so have its highs (4,396, then 4,211, then 4,139). Price is 4.3% over the trend's low, 3,889 (Oct 30). The last lower high is 4,139 (Nov 5), 2.0% above price; no daily close has gone over it.
The weekly picture: between a bear and a bull phase, 28% under the cycle high; on the daily, price is below the 200-day average (4,292), and the 50-day average is below the 200-day average. The daily has a falling trend of its own; the weekly has not picked a side.
Against BTC: over the last 5 daily candles PAXG moved +2.8% and BTC -1.2% — PAXG is the stronger chart.
Sellers have had the daily since Sep 16: each bounce has been sold lower than the last, and no daily close has cleared a lower high. The bounce from 3,889 is the buyers' push against it; it has not reached 4,139 yet.
Nothing in the bounce says the selling has changed character. Price is under the average price buyers have paid since the 3,960 low, 4,245, so those buyers are losing money. More trading has happened on down candles than on up ones, so sellers have been the more active side.
What doesn't fit: the selling is losing force: price made a lower low, but momentum (MACD) did not follow it down. The trend has real strength, with the buyers in control. This is what the bounce has going for it.
Key levels
| Level | Price | From price | Role |
|---|
| Swing high | 4,292 | +5.8% | swing, read |
| Prior month high (not retested) | 4,228 | +4.2% | calendar |
| 2-TF resistance | 4,194 | +3.4% | confluent, fib |
| 2-TF resistance | 4,139 | +2.0% | confluent, order block |
| Read ceiling | 4,139 | +2.0% | read edge |
| Resistance | 4,098 | +1.0% | sr |
| 3-TF resistance | 4,083 | +0.6% | confluent, golden pocket |
| Fib retracement | 4,042 | -0.4% | fib, sr |
| 3-TF support | 4,005 | -1.3% | confluent, golden pocket |
Updated 8 Nov 2026. Run a live PAX Gold read →
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