Market Overview for PAX Gold (PAXGTRY): August 27, 2025

Summary
• PAX Gold fluctuated between 138101.0 and 138919.0 TRY with a bearish close near session low.
• Momentum weakened as RSI dipped below 50 and MACD turned negative in final hours.
• Volatility increased in early AM with sharp sell-offs but faded as the day progressed.
• Bollinger Bands showed no breakout, with price consolidating near the middle band.
• Volume was moderate throughout, with no clear divergence between price and turnover.

PAX Gold (PAXGTRY) opened at 138700.0 TRY on August 26 at 12:00 ET and closed at 138613.0 TRY on August 27 at 12:00 ET, with a high of 138919.0 and a low of 138101.0 during the 24-hour period. Total volume was 114.19 and total turnover amounted to approximately 15,883,835.95 TRY.

Structure & Formations

The 15-minute chart shows a bearish bias in the final 6 hours, with price falling below the 138600.0 psychological level. A notable bearish engulfing pattern emerged around 01:30–02:00 ET, confirming a short-term reversal. The 138300.0–138600.0 zone appears to act as key support, with a potential 138200.0 level acting as a deeper floor. Resistance is clustered around 138700.0–138800.0, where price stalled multiple times.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged and crossed over during the early AM sell-off, forming a potential death cross. The 50-period MA currently sits around 138620.0, supporting the 138600.0 level. On a daily basis, the 50/100/200 SMA lines suggest a neutral-to-bullish setup with PAXGTRY trading above all three, though recent weakness could trigger a retest.

MACD & RSI

The 15-minute MACD line turned negative in the early hours of August 27, confirming a bearish shift in momentum. RSI dipped below 50 and hovered near 45 by the end of the session, indicating weakening bulls. Overbought conditions were observed only briefly around 19:30–20:00 ET when RSI peaked near 58. No oversold readings occurred, suggesting that the decline was orderly rather than panic-driven.

Bollinger Bands

Volatility increased early in the session with bands widening following a strong bullish move to 138919.0. However, as the day progressed and price declined, the bands tightened again, signaling a potential consolidation phase. By the end of the day, PAXGTRY was trading near the middle band, indicating a possible pause in trend formation.

Volume & Turnover

Volume remained moderate throughout the day, with no clear spikes, suggesting a lack of institutional activity or panic selling. Turnover increased during the 04:15–04:45 ET sell-off and during the 20:00–20:45 ET bullish push, indicating selective participation rather than broad-based interest. No price-turnover divergence was observed.

Fibonacci Retracements

The 61.8% Fib level from the 138101.0–138919.0 swing sits at ~138530.0, which PAXGTRY tested before falling further. A retest of this level could offer buying opportunities if bulls regain control. The 38.2% Fib level (~138700.0) has been a recurring resistance zone, and a breakout above it may signal a resumption of the bullish phase.

PAX Gold appears to be in a consolidation phase as it tests key support levels ahead of a potential reversal or continuation. While the near-term outlook remains bearish, the underlying structure suggests buyers could re-enter the market if price stabilizes near 138200.0–138300.0. Traders should watch for a definitive breakout or breakdown in the next 24 hours, but be cautious of thin volume and low volatility, which may limit sharp moves.