Technical analysis by moneymagnateash about Symbol PAXG on 2/4/2025

Key Market Observations 1. Currency Pairs •CAD/CHF (Top Left) – Bearish Volatility •Heavy rejection at resistance, sharp sell-off. •Strong reaction from previous supply zone, price rebounding slightly. •RSI shows slight recovery, but momentum remains weak. •USD/MXN (Top Center) – Rangebound Movement •Failed breakout at 20.4 level, retracing lower. •Potential re-test of support near 20.0 before next directional move. •GBP/DKK & USD/HUF (Top Right) – Bullish Moves •GBP/DKK: Strong rally, pushing into Fibonacci retracement levels. •USD/HUF: Holding 8.90 level, looking extended after breakout. 2. Indices & Equities •SPX500 (Bottom Center) – Significant Drop & Recovery •S&P 500 dropped into a demand zone, aggressive buy reaction. •20,400 remains key resistance to reclaim bullish trend. •Market still undecided, watching for breakout or deeper pullback. •HK50 (Bottom Left) – Bullish Breakout •Hong Kong index surged through resistance near 0.82, •Testing upper Fibonacci range, likely continuation if risk sentiment holds. 3. Crypto & Dollar Index •BTC/USD (Bottom Right) – Retracement Phase •Bitcoin rejected near 6,100, pulling back into key liquidity zone. •If 5,900 fails, further downside to 5,850 before reversal. •DXY (Dollar Index) – Strength Holding •The dollar remains strong, trading near 108.2, maintaining bullish structure. •Key factor in FX volatility, impacting USD pairs. CADCHF USDMXN NZDCAD HK50 SPX500 BTCUSD XAUUSD$15 for ANY TradingView.com Subscription | tradingview.com/pricing/?share_your_love=moneymagnateash