GOLD - USD - 1H - Technical analysis published on 04/26/2024 (GMT)
- 84
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
44%
44%
My opinion
Neutral between 2,324.62 USD and 2,373.14 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on GOLD - USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 2,373.14 USD. The first support is located at 2,324.62 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,335.93 USD. The price has increased by +0.23% since the last closing and was between 2,326.29 USD and 2,352.61 USD. This implies that the price is at +0.41% from its lowest and at -0.71% from its highest.2,326.29
2,352.61
2,335.93
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
A study of price movements over other periods shows the following variations:
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 an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,291.48 | 2,312.53 | 2,324.62 | 2,335.93 | 2,336.78 | 2,373.14 | 2,398.33 |
Change (%) | -1.90% | -1.00% | -0.48% | - | +0.04% | +1.59% | +2.67% |
Change | -44.45 | -23.40 | -11.31 | - | +0.85 | +37.21 | +62.40 |
Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 2,269.16 | 2,287.17 | 2,308.91 | 2,326.92 | 2,348.66 | 2,366.67 | 2,388.41 |
Camarilla | 2,319.73 | 2,323.37 | 2,327.02 | 2,330.66 | 2,334.30 | 2,337.95 | 2,341.59 |
Woodie | 2,271.04 | 2,288.10 | 2,310.79 | 2,327.85 | 2,350.54 | 2,367.60 | 2,390.29 |
Fibonacci | 2,287.17 | 2,302.35 | 2,311.73 | 2,326.92 | 2,342.10 | 2,351.48 | 2,366.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,245.34 | 2,285.41 | 2,337.77 | 2,377.84 | 2,430.20 | 2,470.27 | 2,522.63 |
Camarilla | 2,364.71 | 2,373.19 | 2,381.66 | 2,390.13 | 2,398.60 | 2,407.08 | 2,415.55 |
Woodie | 2,251.49 | 2,288.48 | 2,343.92 | 2,380.91 | 2,436.35 | 2,473.34 | 2,528.78 |
Fibonacci | 2,285.41 | 2,320.72 | 2,342.53 | 2,377.84 | 2,413.15 | 2,434.96 | 2,470.27 |
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): | 51.28 | |
MACD (12,26,9): | 3.3300 | |
Directional Movement: | 0.60 | |
AROON (14): | 57.14 | |
DEMA (21): | 2,342.98 | |
Parabolic SAR (0,02-0,02-0,2): | 2,352.13 | |
Elder Ray (13): | -5.32 | |
Super Trend (3,10): | 2,332.45 | |
Zig ZAG (10): | 2,336.32 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 40.21 | |
TEMA (21): | 2,343.37 | |
Williams %R (14): | -63.50 | |
Chande Momentum Oscillator (20): | 2.76 | |
Repulse (5,40,3): | -0.1100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.79 |
MA7: | 2,344.34 | |
MA20: | 2,336.74 | |
MA50: | 2,206.23 | |
MA100: | 2,118.85 | |
MAexp7: | 2,339.92 | |
MAexp20: | 2,338.31 | |
MAexp50: | 2,333.24 | |
MAexp100: | 2,335.43 | |
Price / MA7: | -0.36% | |
Price / MA20: | -0.03% | |
Price / MA50: | +5.88% | |
Price / MA100: | +10.25% | |
Price / MAexp7: | -0.17% | |
Price / MAexp20: | -0.10% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | +0.02% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 25, 2024 by Bruce Powers, CMT, FX Empire
- Navigating Gold Investment with Ion-Marc Valahu
- Gold Daily Forecast and Technical Analysis for April 25 by Chris Lewis, #XAUUSD, #FXEmpire #gold
This member declared not having a position on this financial instrument or a related financial instrument.
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