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 : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,642.48 USD
My targets
1,679.60 USD (+1.18%)
1,684.74 USD (+1.49%)
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 1,642.48 USD. The next resistance located at 1,679.60 USD is the next bullish target 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 1,684.74 USD. After this resistance, buyers could then target 1,778.85 USD.

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
6.4

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 Bobbygs. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,660.00 USD. The price has increased by +1.91% since the last closing and was traded between 1,614.85 USD and 1,662.80 USD over the period. The price is currently at +2.80% from its lowest and -0.17% from its highest.

1,614.85
1,662.80
1,660.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

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:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,626.85 1,642.48 1,659.87 1,660.00 1,679.60 1,684.74 1,778.85
Change (%) -2.00% -1.06% -0.01% - +1.18% +1.49% +7.16%
Change -33.15 -17.52 -0.13 - +19.60 +24.74 +118.85
Level Minor Minor Intermediate - Intermediate Major Minor



Attention could also be paid to pivot points to set price objectives:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 74.53
MACD (12,26,9): 7.5000
Directional Movement: 25.76
AROON (14): 71.43
DEMA (21): 1,648.10
Parabolic SAR (0,02-0,02-0,2): 1,634.22
Elder Ray (13): 15.44
Super Trend (3,10): 1,640.28
Zig ZAG (10): 1,660.15
VORTEX (21): 1.2300
Stochastique (14,3,5): 95.56
TEMA (21): 1,656.06
Williams %R (14): -5.76
Chande Momentum Oscillator (20): 38.14
Repulse (5,40,3): 0.4300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 3.37
MA7: 1,652.44
MA20: 1,683.84
MA50: 1,727.42
MA100: 1,768.74
MAexp7: 1,652.63
MAexp20: 1,640.48
MAexp50: 1,637.10
MAexp100: 1,642.46
Price / MA7: +0.46%
Price / MA20: -1.42%
Price / MA50: -3.90%
Price / MA100: -6.15%
Price / MAexp7: +0.45%
Price / MAexp20: +1.19%
Price / MAexp50: +1.40%
Price / MAexp100: +1.07%

Quotes : - Real time data - Gold & Silver Spot

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

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