Gold-backed PAXG keeps grinding higher, and holders are watching closely. Price is sitting near record territory again, volume has spiked hard, and shorts are getting squeezed on every timefr
Gold-backed PAXG keeps grinding higher, and holders are watching closely.
Price is sitting near record territory again, volume has spiked hard, and shorts are getting squeezed on every timeframe.
This PAX Gold Price Prediction looks at whether this steady climb has more room or if it's due for a pause.
Market data was checked on August 24, 2026, at 16:30 IST.
Metric
Value
Price
$4,636.20
24h Change
+0.97%
Market Cap
$2B (+0.97%)
FDV
$2B
24h Volume
$221M (+197.96%)
Vol/Mkt Cap (24h)
11.01%
Liquidity/Mkt Cap
1.10%
Total Supply
433.3K PAXG
Max Supply
Infinite
Circulating Supply
433.3K PAXG
Holders
86.17K
Source: Data from CoinMarketCap as of August 24, 2026, at 16:30 IST. Figures may vary slightly across other tracking websites.
Source: Data From CoinGlass
PAXG liquidations (futures data): 1h—$347.91, entirely short-side; 4h—$347.91, also entirely short-side; 12h—848.18 long, $85.37K short; 24h—848.18 long, $87.64K short.
Shorts have absorbed nearly all the damage across every window, a sign of continued upward pressure.
Futures volume is led by Binance at $75.08M, followed by WhiteBIT at $35.65M, Bitget at $8.01M, and Bybit at $6.02M, with smaller volume spread across Gate, KuCoin, Crypto.com, and MEXC.
PAX Gold is a token backed one-to-one by physical $gold, with each PAXG representing one fine troy ounce of London Good Delivery gold held in vaults by Paxos.
It gives holders on-chain exposure to gold's price without needing to store or manage physical bullion themselves.
Pair: PAX Gold/USD · Market: Spot (Crypto) · Timeframe: 1D · Source: TradingView · Timestamp: August 24, 2026, 16:30 UTC+5:30
$PAXG is trading at $4,636.20, with RSI reading 73.30, in overbought territory after the recent climb.
Level Type
Price
Resistance 3
$4,759.36
Resistance 2
$4,707.10
Resistance 1 (nearest)
$4,652.56
Immediate Price Reference
$4,636.20
First Support
$4,584.39
Deeper Support
$4,559.39
Bull case: Holding above $4,584.39 keeps the uptrend intact. A close above $4,652.56 opens the path toward $4,707.10 and eventually $4,759.36.
Bear case: An RSI above 73 leaves PAXG exposed to a pullback. Losing $4,584.39 would put the rally in doubt, with $4,559.39 as the next support.
Here are a few solid additions you can drop into the PAXG article:
Period
Price Range
Notes
2026–2027
$4,600 – $5,200
Grounded in current chart resistance levels
2027–2028
$5,200 – $6,000
Depends on continued $gold demand and DeFi adoption
2028–2030
$6,000 – $8,000
Speculative; realistic only in a sustained broader $gold and crypto uptrend
Long-term figures beyond 2027 are speculative and not based on current chart levels.
Tokenized $gold has been picking up interest as investors look for a safe-haven asset that also trades 24/7 like crypto.
PAXG gives holders exposure to physical $gold prices without needing to store or insure actual bars, which is part of why volume has been climbing alongside broader $gold strength.
According to CoinGabbar analysts, PAXG's climb is backed by real liquidation flow, with shorts getting squeezed across nearly every timeframe rather than the move being driven by hype alone.
Still, an RSI above 73 means the rally is stretched, so a pause toward $4,584.39 wouldn't be surprising.
The $4,584.39 to $4,652.56 range is the zone to watch: holding it keeps the trend alive, while a clean break above $4,652.56 opens room toward $4,759.36.
Disclaimer: This piece is for informational purposes only and isn't financial advice. The levels and scenarios above are based on technical chart analysis and publicly available data at the time of writing, and crypto markets can move sharply within hours, so past patterns don't guarantee future outcomes. It's worth doing independent research and considering your own risk tolerance before acting on any of the levels discussed here.
