PAX GOLD - PAXG/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	PAXGUSD
ISIN:

PAX GOLD - PAXG/USD - 1H - Technical analysis published on 05/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 2,308.01 USD

My targets

2,269.80 USD (-0.69%)

2,176.58 USD (-4.77%)

My analysis

The bearish trend is currently very strong for PAX GOLD - PAXG/USD. As long as the price remains below the resistance at 2,308.01 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,269.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,176.58 USD as an objective. Crossing it would then enable sellers to target 2,054.54 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

Comment on the analysis

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.

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

Additional analysis

Quotes

The PAX GOLD - PAXG/USD price is 2,285.68 USD. The price is lower by -0.07% since the last closing and was traded between 2,277.26 USD and 2,296.72 USD over the period. The price is currently at +0.37% from its lowest and -0.48% from its highest.

2,277.26

2,296.72

2,285.68

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of PAX GOLD - PAXG/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,176.58	2,269.80	2,284.44	2,285.68	2,293.08	2,308.01	2,326.13
Change (%)	-4.77%	-0.69%	-0.05%	-	+0.32%	+0.98%	+1.77%
Change	-109.10	-15.88	-1.24	-	+7.40	+22.33	+40.45
Level	Minor	Major	Minor	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,231.69	2,251.20	2,269.27	2,288.78	2,306.85	2,326.36	2,344.43
Camarilla	2,277.02	2,280.46	2,283.91	2,287.35	2,290.80	2,294.24	2,297.69
Woodie	2,230.98	2,250.84	2,268.56	2,288.42	2,306.14	2,326.00	2,343.72
Fibonacci	2,251.20	2,265.55	2,274.42	2,288.78	2,303.13	2,312.00	2,326.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,167.54	2,226.01	2,290.48	2,348.95	2,413.42	2,471.89	2,536.36
Camarilla	2,321.13	2,332.40	2,343.67	2,354.94	2,366.21	2,377.48	2,388.75
Woodie	2,170.53	2,227.51	2,293.47	2,350.45	2,416.41	2,473.39	2,539.35
Fibonacci	2,226.01	2,272.98	2,301.99	2,348.95	2,395.92	2,424.93	2,471.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,486.90	1,845.36	2,073.08	2,431.54	2,659.26	3,017.72	3,245.44
Camarilla	2,139.60	2,193.33	2,247.07	2,300.80	2,354.53	2,408.27	2,462.00
Woodie	1,421.53	1,812.68	2,007.71	2,398.86	2,593.89	2,985.04	3,180.07
Fibonacci	1,845.36	2,069.28	2,207.62	2,431.54	2,655.46	2,793.80	3,017.72

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.59
MACD (12,26,9):	-1.4400
Directional Movement:	8.68
AROON (14):	-78.57
DEMA (21):	2,284.76
Parabolic SAR (0,02-0,02-0,2):	2,298.46
Elder Ray (13):	-2.21
Super Trend (3,10):	2,314.92
Zig ZAG (10):	2,282.37
VORTEX (21):	0.9900
Stochastique (14,3,5):	23.28
TEMA (21):	2,284.64
Williams %R (14):	-75.52
Chande Momentum Oscillator (20):	-4.60
Repulse (5,40,3):	-0.4800
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.09

MA7:	2,308.79
MA20:	2,344.44
MA50:	2,281.31
MA100:	2,158.25
MAexp7:	2,286.10
MAexp20:	2,286.97
MAexp50:	2,290.03
MAexp100:	2,297.59
Price / MA7:	-1.00%
Price / MA20:	-2.51%
Price / MA50:	+0.19%
Price / MA100:	+5.90%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.19%
Price / MAexp100:	-0.52%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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