PAX GOLD - PAXG/USD

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Type:	Cryptocurrencies
Ticker:	PAXGUSD
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PAX GOLD - PAXG/USD - 1H - Technical analysis published on 12/18/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 2,670.97 USD

My targets

2,641.19 USD (-0.47%)

2,621.95 USD (-1.20%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PAX GOLD - PAXG/USD as long as the price remains well below 2,670.97 USD. The sellers' bearish objective is set at 2,641.19 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,621.95 USD. In case of crossing, the next objective would be the support located at 2,519.49 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.4

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

PAX GOLD - PAXG/USD rating 2,653.68 USD. The price is lower by -0.12% since the last closing and was traded between 2,642.17 USD and 2,669.67 USD over the period. The price is currently at +0.44% from its lowest and -0.60% from its highest.

2,642.17

2,669.67

2,653.68

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of PAX GOLD - PAXG/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,629.21	2,641.19	2,649.64	2,653.68	2,658.64	2,670.97	2,692.53
Change (%)	-0.92%	-0.47%	-0.15%	-	+0.19%	+0.65%	+1.46%
Change	-24.47	-12.49	-4.04	-	+4.96	+17.29	+38.85
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,613.14	2,627.38	2,642.07	2,656.31	2,671.00	2,685.24	2,699.93
Camarilla	2,648.80	2,651.46	2,654.11	2,656.76	2,659.41	2,662.06	2,664.72
Woodie	2,613.37	2,627.49	2,642.30	2,656.42	2,671.23	2,685.35	2,700.16
Fibonacci	2,627.38	2,638.43	2,645.26	2,656.31	2,667.36	2,674.19	2,685.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,470.92	2,532.86	2,592.80	2,654.74	2,714.68	2,776.62	2,836.56
Camarilla	2,619.21	2,630.39	2,641.56	2,652.73	2,663.90	2,675.08	2,686.25
Woodie	2,469.91	2,532.36	2,591.79	2,654.24	2,713.67	2,776.12	2,835.55
Fibonacci	2,532.86	2,579.42	2,608.19	2,654.74	2,701.30	2,730.07	2,776.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,280.08	2,408.30	2,521.75	2,649.97	2,763.42	2,891.64	3,005.09
Camarilla	2,568.74	2,590.89	2,613.05	2,635.20	2,657.35	2,679.51	2,701.66
Woodie	2,272.70	2,404.61	2,514.37	2,646.28	2,756.04	2,887.95	2,997.71
Fibonacci	2,408.30	2,500.62	2,557.65	2,649.97	2,742.29	2,799.32	2,891.64

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):	41.73
MACD (12,26,9):	-1.1700
Directional Movement:	0.24
AROON (14):	-28.57
DEMA (21):	2,653.41
Parabolic SAR (0,02-0,02-0,2):	2,666.53
Elder Ray (13):	-3.69
Super Trend (3,10):	2,677.56
Zig ZAG (10):	2,652.44
VORTEX (21):	0.9800
Stochastique (14,3,5):	37.79
TEMA (21):	2,654.63
Williams %R (14):	-41.56
Chande Momentum Oscillator (20):	1.91
Repulse (5,40,3):	0.1000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.14

MA7:	2,659.44
MA20:	2,652.54
MA50:	2,660.44
MA100:	2,660.82
MAexp7:	2,653.96
MAexp20:	2,654.36
MAexp50:	2,655.89
MAexp100:	2,657.69
Price / MA7:	-0.22%
Price / MA20:	+0.04%
Price / MA50:	-0.25%
Price / MA100:	-0.27%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.15%

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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