Why PAXG has a downside spike but other GOLD charts don't?!?
Hello, newbie here was looking to trade PAXG gold on bybit ( with bearish bias) but I noticed this huge liquidity spike to the down side, which I don't see on other non crypto related Gold charts. Does anyone have any ideas why this is? It has scared me off going short and now I am thinking to go long instead. So confused. Take a look at this:
vs this!
Please can someone explain this to me? I thought it PAXG was a gold peg, but the spike doesn't seem to show up on gold's other price charts? Or am I just being a dumbass?
Uncle google cannot explain this to me. Here's to hoping someone with more experience can answer this burning question I have?
Thank you!
vs this!
Please can someone explain this to me? I thought it PAXG was a gold peg, but the spike doesn't seem to show up on gold's other price charts? Or am I just being a dumbass?
Uncle google cannot explain this to me. Here's to hoping someone with more experience can answer this burning question I have?
Thank you!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.