GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 04/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 2,364.48 USD

My targets

2,398.33 USD (+0.29%)

2,431.55 USD (+1.68%)

My analysis

GOLD - 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 2,364.48 USD. The next resistance located at 2,398.33 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 2,431.55 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

7.5

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,391.49 USD. The price registered an increase of +0.37% on the session with the lowest point at 2,372.79 USD and the highest point at 2,394.17 USD. The deviation from the price is +0.79% for the low point and -0.11% for the high point.

2,372.79

2,394.17

2,391.49

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 GOLD - USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,302.96	2,324.92	2,364.48	2,391.49	2,398.33	2,431.55
Change (%)	-3.70%	-2.78%	-1.13%	-	+0.29%	+1.68%
Change	-88.53	-66.57	-27.01	-	+6.84	+40.06
Level	Minor	Intermediate	Major	-	Minor	Intermediate

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	2,329.12	2,346.09	2,364.40	2,381.37	2,399.68	2,416.65	2,434.96
Camarilla	2,373.02	2,376.25	2,379.49	2,382.72	2,385.95	2,389.19	2,392.42
Woodie	2,329.80	2,346.43	2,365.08	2,381.71	2,400.36	2,416.99	2,435.64
Fibonacci	2,346.09	2,359.56	2,367.89	2,381.37	2,394.84	2,403.17	2,416.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,159.08	2,231.02	2,287.67	2,359.61	2,416.26	2,488.20	2,544.85
Camarilla	2,308.96	2,320.75	2,332.53	2,344.32	2,356.11	2,367.90	2,379.68
Woodie	2,151.44	2,227.20	2,280.03	2,355.79	2,408.62	2,484.38	2,537.21
Fibonacci	2,231.02	2,280.14	2,310.49	2,359.61	2,408.73	2,439.08	2,488.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

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):	58.67
MACD (12,26,9):	1.8300
Directional Movement:	2.27
AROON (14):	-85.71
DEMA (21):	2,385.30
Parabolic SAR (0,02-0,02-0,2):	2,395.88
Elder Ray (13):	3.54
Super Trend (3,10):	2,365.44
Zig ZAG (10):	2,391.42
VORTEX (21):	1.0700
Stochastique (14,3,5):	52.57
TEMA (21):	2,384.72
Williams %R (14):	-15.47
Chande Momentum Oscillator (20):	8.46
Repulse (5,40,3):	0.6600
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.16

MA7:	2,366.87
MA20:	2,283.72
MA50:	2,160.53
MA100:	2,097.65
MAexp7:	2,384.25
MAexp20:	2,382.55
MAexp50:	2,377.81
MAexp100:	2,369.12
Price / MA7:	+1.04%
Price / MA20:	+4.72%
Price / MA50:	+10.69%
Price / MA100:	+14.01%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.58%
Price / MAexp100:	+0.94%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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