GOLD - USD - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,331.88 USD
My targets
2,353.62 USD (+0.63%)
2,373.14 USD (+1.46%)
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 2,331.88 USD. The buyers' bullish objective is set at 2,353.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,373.14 USD. If there is any crossing, the next objective would be the resistance located at 2,390.13 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by Naspeeroo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,338.93 USD. The price registered an increase of +0.13% on the session with the lowest point at 2,320.00 USD and the highest point at 2,344.42 USD. The deviation from the price is +0.82% for the low point and -0.23% for the high point.2,320.00
2,344.42
2,338.93
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a 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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, 12 technical indicators on 18 studied 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,291.48 | 2,305.17 | 2,331.88 | 2,338.93 | 2,353.62 | 2,373.14 | 2,390.13 |
Change (%) | -2.03% | -1.44% | -0.30% | - | +0.63% | +1.46% | +2.19% |
Change | -47.45 | -33.76 | -7.05 | - | +14.69 | +34.21 | +51.20 |
Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,297.68 | 2,311.99 | 2,324.00 | 2,338.31 | 2,350.32 | 2,364.63 | 2,376.64 |
Camarilla | 2,328.78 | 2,331.20 | 2,333.61 | 2,336.02 | 2,338.43 | 2,340.85 | 2,343.26 |
Woodie | 2,296.54 | 2,311.42 | 2,322.86 | 2,337.74 | 2,349.18 | 2,364.06 | 2,375.50 |
Fibonacci | 2,311.99 | 2,322.04 | 2,328.25 | 2,338.31 | 2,348.36 | 2,354.57 | 2,364.63 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,187.28 | 2,239.38 | 2,287.70 | 2,339.80 | 2,388.12 | 2,440.22 | 2,488.54 |
Camarilla | 2,308.41 | 2,317.61 | 2,326.82 | 2,336.02 | 2,345.23 | 2,354.43 | 2,363.64 |
Woodie | 2,185.39 | 2,238.44 | 2,285.81 | 2,338.86 | 2,386.23 | 2,439.28 | 2,486.65 |
Fibonacci | 2,239.38 | 2,277.74 | 2,301.44 | 2,339.80 | 2,378.16 | 2,401.86 | 2,440.22 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,905.68 | 1,972.37 | 2,103.03 | 2,169.72 | 2,300.38 | 2,367.07 | 2,497.73 |
Camarilla | 2,179.41 | 2,197.50 | 2,215.59 | 2,233.68 | 2,251.77 | 2,269.86 | 2,287.95 |
Woodie | 1,937.66 | 1,988.36 | 2,135.01 | 2,185.71 | 2,332.36 | 2,383.06 | 2,529.71 |
Fibonacci | 1,972.37 | 2,047.76 | 2,094.34 | 2,169.72 | 2,245.11 | 2,291.69 | 2,367.07 |
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): | 58.02 | |
MACD (12,26,9): | 1.0600 | |
Directional Movement: | 4.59 | |
AROON (14): | 57.14 | |
DEMA (21): | 2,337.41 | |
Parabolic SAR (0,02-0,02-0,2): | 2,322.31 | |
Elder Ray (13): | 4.56 | |
Super Trend (3,10): | 2,346.23 | |
Zig ZAG (10): | 2,341.67 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 90.31 | |
TEMA (21): | 2,337.22 | |
Williams %R (14): | -10.93 | |
Chande Momentum Oscillator (20): | 5.25 | |
Repulse (5,40,3): | 0.1100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.04 |
MA7: | 2,338.53 | |
MA20: | 2,341.37 | |
MA50: | 2,212.79 | |
MA100: | 2,121.99 | |
MAexp7: | 2,337.96 | |
MAexp20: | 2,336.49 | |
MAexp50: | 2,334.46 | |
MAexp100: | 2,335.26 | |
Price / MA7: | +0.02% | |
Price / MA20: | -0.10% | |
Price / MA50: | +5.70% | |
Price / MA100: | +10.22% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | +0.19% | |
Price / MAexp100: | +0.16% |
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:
- Why people buy gold #gold #investing #geopolítics #shorts
- Gold Long Term Forecast for April 28, by Chris Lewis, for #fxempire #trading #gold #xauusd
- Gold Daily Forecast and Technical Analysis for April 26, 2024 by Bruce Powers, CMT, FX Empire
- Gold Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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