Gold rose 5% today. Data from the PAXG gold token shows that the PAXG whale still holds a large number of short positions, and bullish momentum continues to decline, suggesting the market may fluctuate within a large range.
Silver rose even more, with the PAXG silver token showing a clear trend of short covering, indicating a sharp sell-off is underway...
Meanwhile, the margin call chart shows a significant number of short positions being liquidated in both gold and silver.
Gold is expected to see a maximum liquidation at the 4990-5000 level, while silver is initially expected to target the 88-90 range.
View gold and silver alpha data below 👇🏻