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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 04/12/2024 (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
72%
0%
28%
My opinion
Bullish above 2,347.13 USD
My targets
2,396.57 USD (+0.43%)
2,462.66 USD (+3.20%)
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 2,347.13 USD. The next resistance located at 2,396.57 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 2,462.66 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
8.4

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.

jann1414
This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 2,386.35 USD. The price registered an increase of +0.40% on the session with the lowest point at 2,374.63 USD and the highest point at 2,395.46 USD. The deviation from the price is +0.49% for the low point and -0.38% for the high point.

2,374.63
2,395.46
2,386.35

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

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



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,288.35 2,319.21 2,347.13 2,386.35
Change (%) -4.11% -2.81% -1.64% -
Change -98.00 -67.14 -39.22 -
Level Minor Intermediate Intermediate -



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
Standard2,288.162,307.002,341.932,360.772,395.702,414.542,449.47
Camarilla2,362.082,367.012,371.942,376.872,381.802,386.732,391.66
Woodie2,296.222,311.022,349.992,364.792,403.762,418.562,457.53
Fibonacci2,307.002,327.542,340.232,360.772,381.312,394.002,414.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,156.812,192.672,258.762,294.622,360.712,396.572,462.66
Camarilla2,296.822,306.172,315.522,324.862,334.212,343.552,352.90
Woodie2,171.942,200.232,273.892,302.182,375.842,404.132,477.79
Fibonacci2,192.672,231.612,255.672,294.622,333.562,357.622,396.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,905.681,972.372,103.032,169.722,300.382,367.072,497.73
Camarilla2,179.412,197.502,215.592,233.682,251.772,269.862,287.95
Woodie1,937.661,988.362,135.012,185.712,332.362,383.062,529.71
Fibonacci1,972.372,047.762,094.342,169.722,245.112,291.692,367.07

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): 72.09
MACD (12,26,9): 12.0700
Directional Movement: 26.13
AROON (14): 85.71
DEMA (21): 2,381.85
Parabolic SAR (0,02-0,02-0,2): 2,379.60
Elder Ray (13): 10.66
Super Trend (3,10): 2,368.38
Zig ZAG (10): 2,385.00
VORTEX (21): 1.2700
Stochastique (14,3,5): 85.16
TEMA (21): 2,390.36
Williams %R (14): -18.67
Chande Momentum Oscillator (20): 34.81
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 3.53
MA7: 2,343.52
MA20: 2,251.90
MA50: 2,140.23
MA100: 2,086.37
MAexp7: 2,381.87
MAexp20: 2,367.60
MAexp50: 2,354.49
MAexp100: 2,341.33
Price / MA7: +1.83%
Price / MA20: +5.97%
Price / MA50: +11.50%
Price / MA100: +14.38%
Price / MAexp7: +0.19%
Price / MAexp20: +0.79%
Price / MAexp50: +1.35%
Price / MAexp100: +1.92%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

About author

Londinia
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