PAX GOLD - PAXG/USD - 1H - Technical analysis published on 01/26/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 1,899.16 USD
My targets
1,926.72 USD (+0.32%)
1,939.92 USD (+1.01%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PAX GOLD - PAXG/USD as long as the price remains well above 1,899.16 USD. The buyers' bullish objective is set at 1,926.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,939.92 USD. If there is any crossing, the next objective would be the resistance located at 1,945.10 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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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 rating is 1,920.56 USD. On the day, this instrument lost -0.03% with the lowest point at 1,908.14 USD and the highest point at 1,929.08 USD. The deviation from the price is +0.65% for the low point and -0.44% for the high point.1,908.14
1,929.08
1,920.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,886.32 | 1,899.16 | 1,915.02 | 1,920.56 | 1,921.32 | 1,926.72 | 1,939.92 |
| Change (%) | -1.78% | -1.11% | -0.29% | - | +0.04% | +0.32% | +1.01% |
| Change | -34.24 | -21.40 | -5.54 | - | +0.76 | +6.16 | +19.36 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,844.12 | 1,870.80 | 1,895.94 | 1,922.62 | 1,947.76 | 1,974.44 | 1,999.58 |
| Camarilla | 1,906.82 | 1,911.57 | 1,916.32 | 1,921.07 | 1,925.82 | 1,930.57 | 1,935.32 |
| Woodie | 1,843.34 | 1,870.42 | 1,895.16 | 1,922.24 | 1,946.98 | 1,974.06 | 1,998.80 |
| Fibonacci | 1,870.80 | 1,890.60 | 1,902.83 | 1,922.62 | 1,942.42 | 1,954.65 | 1,974.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,811.56 | 1,843.34 | 1,876.37 | 1,908.15 | 1,941.18 | 1,972.96 | 2,005.99 |
| Camarilla | 1,891.59 | 1,897.53 | 1,903.47 | 1,909.41 | 1,915.35 | 1,921.29 | 1,927.23 |
| Woodie | 1,812.20 | 1,843.65 | 1,877.01 | 1,908.46 | 1,941.82 | 1,973.27 | 2,006.63 |
| Fibonacci | 1,843.34 | 1,868.09 | 1,883.39 | 1,908.15 | 1,932.90 | 1,948.20 | 1,972.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,685.66 | 1,724.00 | 1,772.60 | 1,810.94 | 1,859.54 | 1,897.88 | 1,946.48 |
| Camarilla | 1,797.30 | 1,805.27 | 1,813.24 | 1,821.21 | 1,829.18 | 1,837.15 | 1,845.12 |
| Woodie | 1,690.80 | 1,726.57 | 1,777.74 | 1,813.51 | 1,864.68 | 1,900.45 | 1,951.62 |
| Fibonacci | 1,724.00 | 1,757.21 | 1,777.73 | 1,810.94 | 1,844.15 | 1,864.67 | 1,897.88 |
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): | 49.40 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | 1.39 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1,919.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,924.38 | |
| Elder Ray (13): | -2.33 | |
| Super Trend (3,10): | 1,901.05 | |
| Zig ZAG (10): | 1,918.23 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 49.92 | |
| TEMA (21): | 1,918.43 | |
| Williams %R (14): | -51.15 | |
| Chande Momentum Oscillator (20): | -0.83 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.48 |
| MA7: | 1,910.42 | |
| MA20: | 1,891.92 | |
| MA50: | 1,842.31 | |
| MA100: | 1,776.24 | |
| MAexp7: | 1,918.21 | |
| MAexp20: | 1,917.91 | |
| MAexp50: | 1,914.91 | |
| MAexp100: | 1,911.59 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.51% | |
| Price / MA50: | +4.25% | |
| Price / MA100: | +8.13% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.47% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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