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 10/05/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1,669.661,682.421,704.011,716.771,738.361,751.121,772.71
Camarilla1,716.141,719.291,722.441,725.591,728.741,731.891,735.04
Woodie1,674.071,684.631,708.421,718.981,742.771,753.331,777.12
Fibonacci1,682.421,695.551,703.651,716.771,729.901,738.001,751.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,564.661,589.761,625.221,650.321,685.781,710.881,746.34
Camarilla1,644.041,649.591,655.141,660.691,666.241,671.791,677.34
Woodie1,569.851,592.351,630.411,652.911,690.971,713.471,751.53
Fibonacci1,589.761,612.891,627.181,650.321,673.451,687.741,710.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,484.971,549.911,605.301,670.241,725.631,790.571,845.96
Camarilla1,627.601,638.631,649.661,660.691,671.721,682.751,693.78
Woodie1,480.201,547.521,600.531,667.851,720.861,788.181,841.19
Fibonacci1,549.911,595.881,624.271,670.241,716.211,744.601,790.57

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 : - 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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