PAX GOLD - PAXG/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	PAXGUSD
ISIN:

PAX GOLD - PAXG/USD - 1H - Technical analysis published on 12/29/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 2,631.83 USD

My targets

2,666.66 USD (+0.72%)

2,701.82 USD (+2.05%)

My analysis

PAX GOLD - PAXG/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,631.83 USD. The next resistance located at 2,666.66 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,701.82 USD. After this resistance, buyers could then target 2,780.71 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish 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 2,647.57 USD. On the day, this instrument lost -0.08% with the lowest point at 2,644.12 USD and the highest point at 2,653.58 USD. The deviation from the price is +0.13% for the low point and -0.23% for the high point.

2,644.12

2,653.58

2,647.57

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

Here is a more detailed summary of the historical variations registered by PAX GOLD - PAXG/USD:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PAX GOLD - PAXG/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,616.18	2,631.83	2,643.27	2,647.57	2,654.58	2,666.66	2,701.82
Change (%)	-1.19%	-0.59%	-0.16%	-	+0.26%	+0.72%	+2.05%
Change	-31.39	-15.74	-4.30	-	+7.01	+19.09	+54.25
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,613.48	2,623.77	2,636.74	2,647.03	2,660.00	2,670.29	2,683.26
Camarilla	2,643.32	2,645.46	2,647.59	2,649.72	2,651.85	2,653.98	2,656.12
Woodie	2,614.83	2,624.44	2,638.09	2,647.70	2,661.35	2,670.96	2,684.61
Fibonacci	2,623.77	2,632.65	2,638.14	2,647.03	2,655.91	2,661.40	2,670.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,549.52	2,576.33	2,613.03	2,639.84	2,676.54	2,703.35	2,740.05
Camarilla	2,632.26	2,638.08	2,643.90	2,649.72	2,655.54	2,661.36	2,667.19
Woodie	2,554.46	2,578.80	2,617.97	2,642.31	2,681.48	2,705.82	2,744.99
Fibonacci	2,576.33	2,600.59	2,615.58	2,639.84	2,664.10	2,679.09	2,703.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,319.05	2,427.79	2,531.49	2,640.23	2,743.93	2,852.67	2,956.37
Camarilla	2,576.78	2,596.25	2,615.73	2,635.20	2,654.67	2,674.15	2,693.62
Woodie	2,316.54	2,426.53	2,528.98	2,638.97	2,741.42	2,851.41	2,953.86
Fibonacci	2,427.79	2,508.94	2,559.08	2,640.23	2,721.38	2,771.52	2,852.67

Numerical data

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

Technical indicators

Moving averages

RSI (14):	53.80
MACD (12,26,9):	2.3100
Directional Movement:	6.05
AROON (14):	42.85
DEMA (21):	2,649.03
Parabolic SAR (0,02-0,02-0,2):	2,640.02
Elder Ray (13):	0.96
Super Trend (3,10):	2,624.05
Zig ZAG (10):	2,647.57
VORTEX (21):	1.0700
Stochastique (14,3,5):	61.79
TEMA (21):	2,650.20
Williams %R (14):	-48.57
Chande Momentum Oscillator (20):	1.05
Repulse (5,40,3):	-0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.38

MA7:	2,638.45
MA20:	2,644.19
MA50:	2,638.81
MA100:	2,666.73
MAexp7:	2,648.41
MAexp20:	2,646.22
MAexp50:	2,642.95
MAexp100:	2,639.21
Price / MA7:	+0.35%
Price / MA20:	+0.13%
Price / MA50:	+0.33%
Price / MA100:	-0.72%
Price / MAexp7:	-0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.32%

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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