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 03/08/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 2,109.05 USD

My targets

My analysis

The basic trend is bullish on PAX GOLD - PAXG/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 2,109.05 USD. Sellers would then use the next support located at 2,090.12 USD as an objective. Crossing it would then enable sellers to target 2,054.54 USD. If there is a return to above the resistance located at , this would be a sign of a reversal in the basic bullish trend.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.2

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 2,126.57 USD. The price registered a decrease of -0.27% on the session and was traded between 2,120.78 USD and 2,169.54 USD over the period. The price is currently at +0.27% from its lowest and -1.98% from its highest.

2,120.78

2,169.54

2,126.57

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of PAX GOLD - PAXG/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,054.54	2,090.12	2,109.05	2,126.57	2,136.54
Change (%)	-3.39%	-1.71%	-0.82%	-	+0.47%
Change	-72.03	-36.45	-17.52	-	+9.97
Level	Intermediate	Major	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
Standard	2,077.17	2,092.69	2,112.51	2,128.03	2,147.85	2,163.37	2,183.19
Camarilla	2,122.62	2,125.86	2,129.10	2,132.34	2,135.58	2,138.82	2,142.06
Woodie	2,079.33	2,093.77	2,114.67	2,129.11	2,150.01	2,164.45	2,185.35
Fibonacci	2,092.69	2,106.19	2,114.53	2,128.03	2,141.53	2,149.87	2,163.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,943.27	1,964.27	1,996.99	2,017.99	2,050.71	2,071.71	2,104.43
Camarilla	2,014.93	2,019.85	2,024.78	2,029.70	2,034.62	2,039.55	2,044.47
Woodie	1,949.12	1,967.20	2,002.84	2,020.92	2,056.56	2,074.64	2,110.28
Fibonacci	1,964.27	1,984.79	1,997.47	2,017.99	2,038.51	2,051.19	2,071.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,886.55	1,927.97	1,962.07	2,003.49	2,037.59	2,079.01	2,113.11
Camarilla	1,975.41	1,982.34	1,989.26	1,996.18	2,003.10	2,010.03	2,016.95
Woodie	1,882.90	1,926.14	1,958.42	2,001.66	2,033.94	2,077.18	2,109.46
Fibonacci	1,927.97	1,956.82	1,974.64	2,003.49	2,032.34	2,050.16	2,079.01

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):	43.04
MACD (12,26,9):	1.4600
Directional Movement:	-8.59
AROON (14):	14.28
DEMA (21):	2,147.06
Parabolic SAR (0,02-0,02-0,2):	2,169.54
Elder Ray (13):	-12.70
Super Trend (3,10):	2,118.84
Zig ZAG (10):	2,133.68
VORTEX (21):	1.0100
Stochastique (14,3,5):	30.11
TEMA (21):	2,142.48
Williams %R (14):	-79.61
Chande Momentum Oscillator (20):	-19.27
Repulse (5,40,3):	-0.7300
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.06

MA7:	2,085.73
MA20:	2,031.72
MA50:	2,015.42
MA100:	2,016.54
MAexp7:	2,140.15
MAexp20:	2,143.97
MAexp50:	2,132.77
MAexp100:	2,112.34
Price / MA7:	+1.96%
Price / MA20:	+4.67%
Price / MA50:	+5.51%
Price / MA100:	+5.46%
Price / MAexp7:	-0.63%
Price / MAexp20:	-0.81%
Price / MAexp50:	-0.29%
Price / MAexp100:	+0.67%

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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