GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 04/29/2024 (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

67%

28%

My opinion

Bullish above 2,331.88 USD

My targets

2,353.62 USD (+0.63%)

2,373.14 USD (+1.46%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,331.88 USD. The buyers' bullish objective is set at 2,353.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,373.14 USD. If there is any crossing, the next objective would be the resistance located at 2,390.13 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

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

Additional analysis

Quotes

GOLD - USD rating 2,338.93 USD. The price registered an increase of +0.13% on the session with the lowest point at 2,320.00 USD and the highest point at 2,344.42 USD. The deviation from the price is +0.82% for the low point and -0.23% for the high point.

2,320.00

2,344.42

2,338.93

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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 this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,291.48	2,305.17	2,331.88	2,338.93	2,353.62	2,373.14	2,390.13
Change (%)	-2.03%	-1.44%	-0.30%	-	+0.63%	+1.46%	+2.19%
Change	-47.45	-33.76	-7.05	-	+14.69	+34.21	+51.20
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Major

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	2,297.68	2,311.99	2,324.00	2,338.31	2,350.32	2,364.63	2,376.64
Camarilla	2,328.78	2,331.20	2,333.61	2,336.02	2,338.43	2,340.85	2,343.26
Woodie	2,296.54	2,311.42	2,322.86	2,337.74	2,349.18	2,364.06	2,375.50
Fibonacci	2,311.99	2,322.04	2,328.25	2,338.31	2,348.36	2,354.57	2,364.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,187.28	2,239.38	2,287.70	2,339.80	2,388.12	2,440.22	2,488.54
Camarilla	2,308.41	2,317.61	2,326.82	2,336.02	2,345.23	2,354.43	2,363.64
Woodie	2,185.39	2,238.44	2,285.81	2,338.86	2,386.23	2,439.28	2,486.65
Fibonacci	2,239.38	2,277.74	2,301.44	2,339.80	2,378.16	2,401.86	2,440.22

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):	58.02
MACD (12,26,9):	1.0600
Directional Movement:	4.59
AROON (14):	57.14
DEMA (21):	2,337.41
Parabolic SAR (0,02-0,02-0,2):	2,322.31
Elder Ray (13):	4.56
Super Trend (3,10):	2,346.23
Zig ZAG (10):	2,341.67
VORTEX (21):	1.0200
Stochastique (14,3,5):	90.31
TEMA (21):	2,337.22
Williams %R (14):	-10.93
Chande Momentum Oscillator (20):	5.25
Repulse (5,40,3):	0.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.04

MA7:	2,338.53
MA20:	2,341.37
MA50:	2,212.79
MA100:	2,121.99
MAexp7:	2,337.96
MAexp20:	2,336.49
MAexp50:	2,334.46
MAexp100:	2,335.26
Price / MA7:	+0.02%
Price / MA20:	-0.10%
Price / MA50:	+5.70%
Price / MA100:	+10.22%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.16%

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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