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ORO $PAXG 🟡 — Short-Term Analysis
The precious metal is trending downward on the 4h:
▫️ Below the 200 SMA ($4,655)
▫️ Below the 4h Fibonacci level
🚨 Stoch RSI overbought (91.58) → Likely bearish rejection from $4,631–$4,698. Good zone for shorts.
If it drops, the key support is the daily 200 SMA: $4,305–$4,436.
Strategy:
→ Shorts if rejection at $4,630–$4,700 + confirmed candle
→ Longs only from $4,300–$4,440