GOLD - USD - 1H - Technical analysis published on 12/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2,049.15 USD
My targets
2,123.99 USD (+1.08%)
2,172.56 USD (+3.40%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,049.15 USD, you could try to benefit from the boom. The first bullish objective is located at 2,123.99 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,172.56 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
8.8
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This analysis was given by Choochoo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 2,101.22 USD. The price registered a decrease of -0.80% on the session with the lowest point at 2,100.72 USD and the highest point at 2,120.61 USD. The deviation from the price is +0.02% for the low point and -0.91% for the high point.2,100.72
2,120.61
2,101.22
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 2,018.18 | 2,031.64 | 2,045.49 | 2,101.22 |
Change (%) | -3.95% | -3.31% | -2.65% | - |
Change | -83.04 | -69.58 | -55.73 | - |
Level | Intermediate | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,003.92 | 2,037.89 | 2,077.99 | 2,111.96 | 2,152.06 | 2,186.03 | 2,226.13 |
Camarilla | 2,097.73 | 2,104.52 | 2,111.31 | 2,118.10 | 2,124.89 | 2,131.68 | 2,138.47 |
Woodie | 2,007.00 | 2,039.42 | 2,081.07 | 2,113.49 | 2,155.14 | 2,187.56 | 2,229.21 |
Fibonacci | 2,037.89 | 2,066.18 | 2,083.66 | 2,111.96 | 2,140.25 | 2,157.73 | 2,186.03 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,948.04 | 1,974.31 | 2,022.88 | 2,049.15 | 2,097.72 | 2,123.99 | 2,172.56 |
Camarilla | 2,050.87 | 2,057.73 | 2,064.59 | 2,071.45 | 2,078.31 | 2,085.17 | 2,092.03 |
Woodie | 1,959.19 | 1,979.89 | 2,034.03 | 2,054.73 | 2,108.87 | 2,129.57 | 2,183.71 |
Fibonacci | 1,974.31 | 2,002.90 | 2,020.56 | 2,049.15 | 2,077.74 | 2,095.40 | 2,123.99 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,840.78 | 1,885.41 | 1,962.80 | 2,007.43 | 2,084.82 | 2,129.45 | 2,206.84 |
Camarilla | 2,006.63 | 2,017.81 | 2,029.00 | 2,040.18 | 2,051.37 | 2,062.55 | 2,073.74 |
Woodie | 1,857.15 | 1,893.60 | 1,979.17 | 2,015.62 | 2,101.19 | 2,137.64 | 2,223.21 |
Fibonacci | 1,885.41 | 1,932.03 | 1,960.82 | 2,007.43 | 2,054.05 | 2,082.84 | 2,129.45 |
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): | 77.64 | |
MACD (12,26,9): | 14.2200 | |
Directional Movement: | 57.83 | |
AROON (14): | 71.43 | |
DEMA (21): | 2,079.64 | |
Parabolic SAR (0,02-0,02-0,2): | 2,057.91 | |
Elder Ray (13): | 39.64 | |
Super Trend (3,10): | 2,071.60 | |
Zig ZAG (10): | 2,107.36 | |
VORTEX (21): | 1.3100 | |
Stochastique (14,3,5): | 77.10 | |
TEMA (21): | 2,091.03 | |
Williams %R (14): | -34.41 | |
Chande Momentum Oscillator (20): | 70.23 | |
Repulse (5,40,3): | 0.8600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 4.05 |
MA7: | 2,062.99 | |
MA20: | 2,004.48 | |
MA50: | 1,955.37 | |
MA100: | 1,941.80 | |
MAexp7: | 2,085.15 | |
MAexp20: | 2,064.20 | |
MAexp50: | 2,050.71 | |
MAexp100: | 2,039.64 | |
Price / MA7: | +1.85% | |
Price / MA20: | +4.83% | |
Price / MA50: | +7.46% | |
Price / MA100: | +8.21% | |
Price / MAexp7: | +0.77% | |
Price / MAexp20: | +1.79% | |
Price / MAexp50: | +2.46% | |
Price / MAexp100: | +3.02% |
Quotes :
-
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:
-
Sentiment Study: Focus on gold
-
Gold Forecast Video for 04.11.23 by Bruce Powers for FX Empire
-
Gold Forecast December 4, 2023
-
Gold Technical Analysis for December 04, 2023 by FXEmpire
-
Gold Technical Analysis for December 04, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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