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 12/04/2023 (GMT)

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  • Timeframe : 1H
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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

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

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

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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

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, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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


S3S2S1Price
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
Standard2,003.922,037.892,077.992,111.962,152.062,186.032,226.13
Camarilla2,097.732,104.522,111.312,118.102,124.892,131.682,138.47
Woodie2,007.002,039.422,081.072,113.492,155.142,187.562,229.21
Fibonacci2,037.892,066.182,083.662,111.962,140.252,157.732,186.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,948.041,974.312,022.882,049.152,097.722,123.992,172.56
Camarilla2,050.872,057.732,064.592,071.452,078.312,085.172,092.03
Woodie1,959.191,979.892,034.032,054.732,108.872,129.572,183.71
Fibonacci1,974.312,002.902,020.562,049.152,077.742,095.402,123.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

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 - Gold & Silver Spot

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

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