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Londinia Opportunities Analyses - 05/24/2022 (GMT) GOLD - CAD - 1H

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GOLD - CAD
- CAD (-)
- Real time data - Gold & Silver Spot
Type: Commodities
Ticker: XAUCAD
ISIN:

Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 2,368.78 CAD
My targets
2,392.49 CAD (+0.66%)
2,403.35 CAD (+1.12%)
My analysis
The basic bullish trend is very strong on GOLD - CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,368.78 CAD. Crossing the first resistance at 2,392.49 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2,403.35 CAD as an objective. Crossing it would then enable buyers to target 2,414.34 CAD. Caution, a return to below 2,368.78 CAD would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

GOLD - CAD rating 2,376.73 CAD. On the day, this instrument gained +0.25% with the lowest point at 2,367.46 CAD and the highest point at 2,378.27 CAD. The deviation from the price is +0.39% for the low point and -0.06% for the high point.

2,367.46
2,378.27
2,376.73

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on GOLD - CAD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this GOLD - CAD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



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


S3S2S1PriceR1R2R3
ProTrendLines 2,335.97 2,353.88 2,368.78 2,376.73 2,377.01 2,392.49 2,403.35
Change (%) -1.71% -0.96% -0.33% - +0.01% +0.66% +1.12%
Change -40.76 -22.85 -7.95 - +0.28 +15.76 +26.62
Level Minor Major Minor - Minor Major Minor



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
Standard2,340.232,352.212,361.552,373.532,382.872,394.852,404.19
Camarilla2,365.042,366.992,368.952,370.902,372.852,374.812,376.76
Woodie2,338.922,351.552,360.242,372.872,381.562,394.192,402.88
Fibonacci2,352.212,360.352,365.382,373.532,381.672,386.702,394.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,273.612,293.422,331.912,351.722,390.212,410.022,448.51
Camarilla2,354.362,359.702,365.052,370.392,375.732,381.082,386.42
Woodie2,282.942,298.092,341.242,356.392,399.542,414.692,457.84
Fibonacci2,293.422,315.692,329.452,351.722,373.992,387.752,410.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,248.172,319.262,379.212,450.302,510.252,581.342,641.29
Camarilla2,403.132,415.152,427.162,439.172,451.182,463.192,475.21
Woodie2,242.612,316.482,373.652,447.522,504.692,578.562,635.73
Fibonacci2,319.262,369.312,400.242,450.302,500.352,531.282,581.34

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): 59.52
MACD (12,26,9): 1.0900
Directional Movement: 13.58
AROON (14): 85.71
DEMA (21): 2,372.78
Parabolic SAR (0,02-0,02-0,2): 2,364.42
Elder Ray (13): 5.18
Super Trend (3,10): 2,364.29
Zig ZAG (10): 2,377.40
VORTEX (21): 1.0500
Stochastique (14,3,5): 76.07
TEMA (21): 2,371.54
Williams %R (14): -9.79
Chande Momentum Oscillator (20): 10.06
Repulse (5,40,3): 0.2600
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.14
MA7: 2,355.89
MA20: 2,387.15
MA50: 2,419.13
MA100: 2,393.35
MAexp7: 2,372.56
MAexp20: 2,371.26
MAexp50: 2,367.01
MAexp100: 2,361.87
Price / MA7: +0.88%
Price / MA20: -0.44%
Price / MA50: -1.75%
Price / MA100: -0.69%
Price / MAexp7: +0.18%
Price / MAexp20: +0.23%
Price / MAexp50: +0.41%
Price / MAexp100: +0.63%

Quotes : - Real time data - Gold & Silver Spot

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