GOLD - USD - 1H - Technical analysis published on 10/05/2022 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1,700.46 USD
My targets
1,729.54 USD (+0.75%)
1,778.85 USD (+3.62%)
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 1,700.46 USD. The buyers' bullish objective is set at 1,729.54 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,778.85 USD. If there is any crossing, the next objective would be the resistance located at 1,870.58 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.1
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This analysis was given by ammour. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,716.68 USD. The price registered a decrease of -0.52% on the session with the lowest point at 1,700.61 USD and the highest point at 1,727.85 USD. The deviation from the price is +0.94% for the low point and -0.65% for the high point.1,700.61
1,727.85
1,716.68
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:
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. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,659.73 | 1,684.74 | 1,700.46 | 1,716.68 | 1,729.54 | 1,778.85 | 1,870.58 |
Change (%) | -3.32% | -1.86% | -0.94% | - | +0.75% | +3.62% | +8.96% |
Change | -56.95 | -31.94 | -16.22 | - | +12.86 | +62.17 | +153.90 |
Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,669.66 | 1,682.42 | 1,704.01 | 1,716.77 | 1,738.36 | 1,751.12 | 1,772.71 |
Camarilla | 1,716.14 | 1,719.29 | 1,722.44 | 1,725.59 | 1,728.74 | 1,731.89 | 1,735.04 |
Woodie | 1,674.07 | 1,684.63 | 1,708.42 | 1,718.98 | 1,742.77 | 1,753.33 | 1,777.12 |
Fibonacci | 1,682.42 | 1,695.55 | 1,703.65 | 1,716.77 | 1,729.90 | 1,738.00 | 1,751.12 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,564.66 | 1,589.76 | 1,625.22 | 1,650.32 | 1,685.78 | 1,710.88 | 1,746.34 |
Camarilla | 1,644.04 | 1,649.59 | 1,655.14 | 1,660.69 | 1,666.24 | 1,671.79 | 1,677.34 |
Woodie | 1,569.85 | 1,592.35 | 1,630.41 | 1,652.91 | 1,690.97 | 1,713.47 | 1,751.53 |
Fibonacci | 1,589.76 | 1,612.89 | 1,627.18 | 1,650.32 | 1,673.45 | 1,687.74 | 1,710.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,484.97 | 1,549.91 | 1,605.30 | 1,670.24 | 1,725.63 | 1,790.57 | 1,845.96 |
Camarilla | 1,627.60 | 1,638.63 | 1,649.66 | 1,660.69 | 1,671.72 | 1,682.75 | 1,693.78 |
Woodie | 1,480.20 | 1,547.52 | 1,600.53 | 1,667.85 | 1,720.86 | 1,788.18 | 1,841.19 |
Fibonacci | 1,549.91 | 1,595.88 | 1,624.27 | 1,670.24 | 1,716.21 | 1,744.60 | 1,790.57 |
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): | 54.37 | |
MACD (12,26,9): | 0.0500 | |
Directional Movement: | 3.31 | |
AROON (14): | -57.15 | |
DEMA (21): | 1,714.36 | |
Parabolic SAR (0,02-0,02-0,2): | 1,701.56 | |
Elder Ray (13): | 4.19 | |
Super Trend (3,10): | 1,726.34 | |
Zig ZAG (10): | 1,716.65 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 55.43 | |
TEMA (21): | 1,710.56 | |
Williams %R (14): | -39.90 | |
Chande Momentum Oscillator (20): | 0.31 | |
Repulse (5,40,3): | 0.2700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.87 |
MA7: | 1,679.08 | |
MA20: | 1,679.88 | |
MA50: | 1,724.28 | |
MA100: | 1,762.48 | |
MAexp7: | 1,713.35 | |
MAexp20: | 1,713.70 | |
MAexp50: | 1,707.46 | |
MAexp100: | 1,693.77 | |
Price / MA7: | +2.24% | |
Price / MA20: | +2.19% | |
Price / MA50: | -0.44% | |
Price / MA100: | -2.60% | |
Price / MAexp7: | +0.19% | |
Price / MAexp20: | +0.17% | |
Price / MAexp50: | +0.54% | |
Price / MAexp100: | +1.35% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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- Weekly Commodities Trading Prep: Crude Oil, Gold, COT Update
- Gold Technical Analysis for October 05, 2022 by FXEmpire
- Trade of the Week: Short Gold 🪙
- Gold Technical Analysis for October 04, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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