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Gold bugs are eating good today, but things are getting interesting at these levels.
$PAXG just pushed through that local resistance near 5,300 and it's holding up surprisingly well. If you look at the recent candle bodies, we’re seeing a solid stair-step pattern up. Volume isn't exploding yet, but the buy-side pressure in the order book (over 65%) suggests people are positioning for a bigger breakout.
I’m watching the 5,450 mark closely. If we flip that into support, we might see a run toward the previous highs around 5,600. If it rejects here, I’ll be looking for a bounce off the 5,180 zone to keep the trend alive.
Just staying patient and watching the tape.
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