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PAX GOLD - PAXG/USD
PAX GOLD - PAXG/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: PAXGUSD
ISIN:

PAX GOLD - PAXG/USD - 1H - Technical analysis published on 03/02/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 2,006.59 USD
My targets
2,033.78 USD (+0.54%)
2,054.54 USD (+1.57%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2,006.59 USD remains possible. It is advisable to trade PAX GOLD - PAXG/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2,006.59 USD. The next bullish objective for buyers is set at 2,033.78 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,054.54 USD. If there is any crossing, the next objective would be the resistance located at 2,090.12 USD. PS: if there is a bearish break in the support located at 2,006.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The PAX GOLD - PAXG/USD rating is 2,022.82 USD. On the day, this instrument lost -0.05% and was between 2,016.00 USD and 2,038.36 USD. This implies that the price is at +0.34% from its lowest and at -0.76% from its highest.

2,016.00
2,038.36
2,022.82

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PAX GOLD - PAXG/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on PAX GOLD - PAXG/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this 1H chart of PAX GOLD - PAXG/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,998.06 2,006.59 2,018.79 2,022.82 2,025.81 2,033.78 2,038.08
Change (%) -1.22% -0.80% -0.20% - +0.15% +0.54% +0.75%
Change -24.76 -16.23 -4.03 - +2.99 +10.96 +15.26
Level Minor Major Minor - Minor Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,951.631,971.281,997.552,017.202,043.472,063.122,089.39
Camarilla2,011.182,015.392,019.602,023.812,028.022,032.232,036.44
Woodie1,954.931,972.942,000.852,018.862,046.772,064.782,092.69
Fibonacci1,971.281,988.831,999.662,017.202,034.752,045.582,063.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,941.951,960.601,981.492,000.142,021.032,039.682,060.57
Camarilla1,991.511,995.131,998.762,002.382,006.012,009.632,013.25
Woodie1,943.071,961.161,982.612,000.702,022.152,040.242,061.69
Fibonacci1,960.601,975.701,985.042,000.142,015.242,024.582,039.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,886.551,927.971,962.072,003.492,037.592,079.012,113.11
Camarilla1,975.411,982.341,989.261,996.182,003.102,010.032,016.95
Woodie1,882.901,926.141,958.422,001.662,033.942,077.182,109.46
Fibonacci1,927.971,956.821,974.642,003.492,032.342,050.162,079.01

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 51.06
MACD (12,26,9): 3.0000
Directional Movement: 2.51
AROON (14): -57.14
DEMA (21): 2,030.12
Parabolic SAR (0,02-0,02-0,2): 2,033.83
Elder Ray (13): 0.47
Super Trend (3,10): 2,004.82
Zig ZAG (10): 2,025.05
VORTEX (21): 1.0300
Stochastique (14,3,5): 43.32
TEMA (21): 2,029.19
Williams %R (14): -61.30
Chande Momentum Oscillator (20): -6.09
Repulse (5,40,3): -0.1700
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.13
MA7: 2,009.67
MA20: 1,998.71
MA50: 2,006.11
MA100: 2,010.41
MAexp7: 2,026.59
MAexp20: 2,025.93
MAexp50: 2,019.85
MAexp100: 2,015.00
Price / MA7: +0.65%
Price / MA20: +1.21%
Price / MA50: +0.83%
Price / MA100: +0.62%
Price / MAexp7: -0.19%
Price / MAexp20: -0.15%
Price / MAexp50: +0.15%
Price / MAexp100: +0.39%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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