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PAX Gold / TetherUS

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PAXGUSDT trade ideas

PAXG vs TVC:GOLDif you divide paxg by gold (commodity not gld), then you'll notice that there are very tradeable signals. In a perfect world, these would track each other with uncanny precision. That is not the case with this pair. There are times when the relationship is trading in favor of PAXG ie, PAXG is temporarily trading at a premium to the commodity so one could sell PAXG assuming that the price of PAXG will come down to that of GOLD. on the flip side (probably most beneficial) is when the relationship has PAXG trading at a discount to gold. In that case, buying PAXG would give you exposure to the commodity at a discount to par.
by BullCapital
War and Financial Markets: Things to do and NOT to doGiven the current fundamental situation - Russian-Ukrainian conflict - we would like to remind some good practices for the small investor and retail trader taking inspiration from the excellent book by Cosimo Natoli and Stefano Natoli "Terrorism, War and Financial Markets" published by Trading Library. In this interesting book the authors analyze how financial markets have reacted to important events such as terrorist attacks and wars. As we know one of the principles of technical analysis described in the very famous "Technical Analysis of Financial Markets" by John J. Murphy is that: "the market discounts everything" and that is that the price movement already incorporates all those factors of fundamental, political, psychological etc..... Let's go back to the above advice for the trader and the retail investor - assuming that the professional trader already has strategies and procedures to handle this type of situation (one of all derivative hedging): Things NOT to do: - Do not panic, normally markets bounce back and therefore don't close the position immediately as a panic selling - Do not be influenced by news - that tend to amplify events - by "experts" that you do not know or by friends - Do not trade intraday if you cannot follow real-time positions (this is always true) and if you do not have experience, in general do not take positions in moments of uncertainty and do not mediate at a loss - Don't be disheartened by losses (possible stop-losses). Things to do: - Remain calm and have a positive attitude - Inform yourself appropriately from different sources about the situation, keeping a critical spirit about what you read and listen to - Continue to follow your plan and strategy - Keep a note of lessons learned and the emotions and feelings you have, including lessons learned from losses, take the opportunity to study and learn something new.
by TheSocialCryptoClub
1
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
Time for PAXG?As a crypto asset backed by real gold, is it time to put some money in PAXG in case of the upcoming big recession ? Well to answer that, YES and NO... 1. We don't know when will the recession comes 2. We don't know whether it will come or not (LOL) But still, it's better to be safe rather to be sorry!!!! My entry price point would probably be in the fibonacci retracement level (fib box)... As I still believe the bull or this cycle economic hype isn't over yet, I am waiting for a better entry point before putting my money on gold or crypto backed by gold!!! Yes it can certainly goes way more down before we found a bottom in case the economic bull is too strong... but interesting thing to keep in mind is that, we have a strong red line that has ben perfectly tested 3 times... I have put a green marker on it!!! So with this in mind, scaling in into gold backed asset would probably a good idea as to minimize your risk... Still, this is just my speculation, and gold could also soar high from this point and we don't see any retracement especially as many investment company or retail investor are now looking at gold... #NotFinancialAdvise #PersonalView
by ZombieGod11
PAXG Channel with Upper and Lower limitsThis is a curved projection channel created upon a bounding box. The chart is presented over a log price scale. For its creation we use 3 "moving averages" that cover the center, upper and lower boundaries for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. I have added a dotted line that represents a possible path and an uptrend movement. First, it could stay horizontal, and then begin a long bull run. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim