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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 09/28/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,642.48 USD
My targets
1,659.87 USD (+0.56%)
1,679.60 USD (+1.76%)
My analysis
The strong short-term increase for GOLD - USD reinforces the current slightly bullish trend. As long as the price remains above 1,642.48 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1,659.87 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,679.60 USD as an objective. Crossing it would then enable buyers to target 1,684.74 USD. A return to 1,642.48 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7

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.

volga04
This analysis was given by volga04. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 1,650.63 USD. The price has increased by +1.33% since the last closing and was between 1,614.85 USD and 1,654.12 USD. This implies that the price is at +2.22% from its lowest and at -0.21% from its highest.

1,614.85
1,654.12
1,650.63

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour


Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,621.16 1,626.85 1,642.48 1,650.63 1,659.87 1,679.60 1,684.74
Change (%) -1.79% -1.44% -0.49% - +0.56% +1.76% +2.07%
Change -29.47 -23.78 -8.15 - +9.24 +28.97 +34.11
Level Intermediate Minor Minor - Intermediate 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
Standard1,607.231,617.001,622.951,632.721,638.671,648.441,654.39
Camarilla1,624.591,626.031,627.471,628.911,630.351,631.791,633.23
Woodie1,605.331,616.051,621.051,631.771,636.771,647.491,652.49
Fibonacci1,617.001,623.001,626.711,632.721,638.721,642.431,648.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,578.091,608.951,626.391,657.251,674.691,705.551,722.99
Camarilla1,630.561,634.991,639.411,643.841,648.271,652.701,657.12
Woodie1,571.391,605.601,619.691,653.901,667.991,702.201,716.29
Fibonacci1,608.951,627.401,638.801,657.251,675.701,687.101,705.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,571.781,638.791,673.901,740.911,776.021,843.031,878.14
Camarilla1,680.921,690.281,699.641,709.001,718.361,727.721,737.08
Woodie1,555.821,630.821,657.941,732.941,760.061,835.061,862.18
Fibonacci1,638.791,677.801,701.901,740.911,779.921,804.021,843.03

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): 70.31
MACD (12,26,9): 2.0200
Directional Movement: 21.92
AROON (14): 50.00
DEMA (21): 1,632.09
Parabolic SAR (0,02-0,02-0,2): 1,618.60
Elder Ray (13): 18.10
Super Trend (3,10): 1,627.24
Zig ZAG (10): 1,650.57
VORTEX (21): 1.1600
Stochastique (14,3,5): 90.24
TEMA (21): 1,636.25
Williams %R (14): -7.51
Chande Momentum Oscillator (20): 26.10
Repulse (5,40,3): 1.1800
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.75
MA7: 1,650.99
MA20: 1,683.38
MA50: 1,727.24
MA100: 1,768.65
MAexp7: 1,636.62
MAexp20: 1,631.01
MAexp50: 1,633.16
MAexp100: 1,641.06
Price / MA7: -0.02%
Price / MA20: -1.95%
Price / MA50: -4.44%
Price / MA100: -6.67%
Price / MAexp7: +0.86%
Price / MAexp20: +1.21%
Price / MAexp50: +1.07%
Price / MAexp100: +0.59%

Quotes : - Real time data - Gold & Silver Spot

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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