GOLD - USD - 1H - Technical analysis published on 01/25/2023 (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:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1,929.07 USD
My targets
1,984.58 USD (+2.25%)
2,069.41 USD (+6.62%)
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 1,929.07 USD. The next resistance located at 1,984.58 USD is the next bullish objective 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 2,069.41 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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Additional analysis
Quotes
The GOLD - USD rating is 1,941.00 USD. The price has increased by +0.20% since the last closing with the lowest point at 1,919.88 USD and the highest point at 1,942.23 USD. The deviation from the price is +1.10% for the low point and -0.06% for the high point.1,919.88
1,942.23
1,941.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 GOLD - USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported 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.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed 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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,909.44 | 1,929.07 | 1,937.73 | 1,941.00 | 1,942.55 | 2,069.41 |
| Change (%) | -1.63% | -0.61% | -0.17% | - | +0.08% | +6.62% |
| Change | -31.56 | -11.93 | -3.27 | - | +1.55 | +128.41 |
| Level | 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 | 1,896.61 | 1,906.89 | 1,921.98 | 1,932.26 | 1,947.35 | 1,957.63 | 1,972.72 |
| Camarilla | 1,930.08 | 1,932.41 | 1,934.73 | 1,937.06 | 1,939.39 | 1,941.71 | 1,944.04 |
| Woodie | 1,899.01 | 1,908.09 | 1,924.38 | 1,933.46 | 1,949.75 | 1,958.83 | 1,975.12 |
| Fibonacci | 1,906.89 | 1,916.59 | 1,922.57 | 1,932.26 | 1,941.96 | 1,947.94 | 1,957.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,861.67 | 1,879.14 | 1,902.64 | 1,920.11 | 1,943.61 | 1,961.08 | 1,984.58 |
| Camarilla | 1,914.86 | 1,918.62 | 1,922.37 | 1,926.13 | 1,929.89 | 1,933.64 | 1,937.40 |
| Woodie | 1,864.68 | 1,880.65 | 1,905.65 | 1,921.62 | 1,946.62 | 1,962.59 | 1,987.59 |
| Fibonacci | 1,879.14 | 1,894.79 | 1,904.46 | 1,920.11 | 1,935.76 | 1,945.43 | 1,961.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,715.00 | 1,740.39 | 1,782.62 | 1,808.01 | 1,850.24 | 1,875.63 | 1,917.86 |
| Camarilla | 1,806.25 | 1,812.44 | 1,818.64 | 1,824.84 | 1,831.04 | 1,837.24 | 1,843.44 |
| Woodie | 1,723.41 | 1,744.60 | 1,791.03 | 1,812.22 | 1,858.65 | 1,879.84 | 1,926.27 |
| Fibonacci | 1,740.39 | 1,766.22 | 1,782.18 | 1,808.01 | 1,833.84 | 1,849.80 | 1,875.63 |
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): | 62.38 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 4.19 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1,932.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,921.42 | |
| Elder Ray (13): | 6.36 | |
| Super Trend (3,10): | 1,921.74 | |
| Zig ZAG (10): | 1,940.72 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 91.06 | |
| TEMA (21): | 1,933.36 | |
| Williams %R (14): | -0.57 | |
| Chande Momentum Oscillator (20): | 7.36 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1,926.14 | |
| MA20: | 1,885.14 | |
| MA50: | 1,822.67 | |
| MA100: | 1,751.16 | |
| MAexp7: | 1,934.67 | |
| MAexp20: | 1,932.41 | |
| MAexp50: | 1,931.50 | |
| MAexp100: | 1,927.67 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +2.96% | |
| Price / MA50: | +6.49% | |
| Price / MA100: | +10.84% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.69% |
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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Gold Technical Analysis for January 26, 2023 by FXEmpire
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Gold Technical Analysis for January 25, 2023 by FXEmpire
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Gold hits bull market 🥇
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How gold entered the bull market again
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Gold Technical Analysis for January 24, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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