$GOLD & $PAXG// Zoom Out

Looking at the overall trend, I think its safe to say that we can continue to expect price appreciation from its current level.

From a purely technical position, seeing the previous 2 weeks candle price action, this would no doubt be a great buying opportunity as price is once again retesting a long term uptrend line. Also, measuring up from the last leg, price has been lingering around 38-61% for quite some time with a more recent and very strong rejection from 61% which has been dubbed the bottom of this run multiple times.

Fundamentally, when faced against the USD, my personal bias is that both can and will appreciate, though many commodities move inversely to $DXY.

The price activity of DXY crosses recently is suggesting that there will be rebalancing and positioning as the contrarian view that the dollar will continue to gain strength over time will in fact become reality, even amid all the inflation talk.

ALSO
If you'd like to have some exposure to $gold but find that fees for the physical, issues with broker/s and leverage, or simply because it would cost too much. You can get exposure by buying $PAXG, which is a cryptocurrency fully backed by gold. There is no unallocated gold included in the PAXG backing, instead it is fully-collateralized by physical gold at the ratio of one troy ounce (roughly 31 grams) of a gold bar complying with the London Good Delivery standard, to one PAXG token.

Instead of staying in USD Stable coins, A Gold Stable would give you the benefit of a continuously appreciating security (long term), and in addition to this, the Paxos platform offers staking, meaning that you can be in stable coin and have price gains on the appreciation of gold, and also earn interest through staking the $PAXG token.

DYOR.

Previous Analyses linked.