tGOLD USD Cryptocurrency Forecast

Red day on Tuesday for tGOLD USD cryptocurrency after losing 1.27%
(Updated on Apr 30, 2024)

TXAUUSD Signals & Forecast

The tGOLD USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $74.59. On a fall, the cryptocurrency will find some support from the long-term average at approximately $72.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -4.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for tGOLD USD cryptocurrency

tGOLD USD finds support from accumulated volume at $72.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $1.20 between high and low, or 1.64%. For the last week the cryptocurrency has had daily average volatility of 0.746%

Our recommended stop-loss: $69.64 (-5.15%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (TXAUUSD) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect tGOLD USD to open at $73.83, and during the day (based on 14 day Average True Range), to move between $72.40 and $74.45, which gives a possible trading interval of +/-$1.03 (+/-1.40%) up or down from last closing price. If tGOLD USD takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $72.99 (0.60%) than the resistance at $74.60 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is tGOLD USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for tGOLD USD cryptocurrency to perform well in the short-term.

Current score: 1.871 Buy Candidate Unchanged

Predicted Opening Price for tGOLD USD of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.