GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 04/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 2,324.62 USD

My targets

2,373.14 USD (+1.57%)

2,398.33 USD (+2.65%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on GOLD - USD. This is a positive signal for buyers. As long as the price remains above 2,324.62 USD, a purchase could be considered. The first bullish objective is located at 2,373.14 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,398.33 USD as an objective. Crossing it would then enable buyers to target 2,417.91 USD. In the event of a return below 2,324.62 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.9

Comment on the analysis

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,336.37 USD. On the day, this instrument gained +0.25% with the lowest point at 2,326.29 USD and the highest point at 2,338.27 USD. The deviation from the price is +0.43% for the low point and -0.08% for the high point.

2,326.29

2,338.27

2,336.37

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.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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 bullish. 71.43% of the signals given by moving averages are bullish. This 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. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,291.48	2,312.53	2,324.62	2,336.37	2,336.78	2,373.14	2,398.33
Change (%)	-1.92%	-1.02%	-0.50%	-	+0.02%	+1.57%	+2.65%
Change	-44.89	-23.84	-11.75	-	+0.41	+36.77	+61.96
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,269.16	2,287.17	2,308.91	2,326.92	2,348.66	2,366.67	2,388.41
Camarilla	2,319.73	2,323.37	2,327.02	2,330.66	2,334.30	2,337.95	2,341.59
Woodie	2,271.04	2,288.10	2,310.79	2,327.85	2,350.54	2,367.60	2,390.29
Fibonacci	2,287.17	2,302.35	2,311.73	2,326.92	2,342.10	2,351.48	2,366.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,245.34	2,285.41	2,337.77	2,377.84	2,430.20	2,470.27	2,522.63
Camarilla	2,364.71	2,373.19	2,381.66	2,390.13	2,398.60	2,407.08	2,415.55
Woodie	2,251.49	2,288.48	2,343.92	2,380.91	2,436.35	2,473.34	2,528.78
Fibonacci	2,285.41	2,320.72	2,342.53	2,377.84	2,413.15	2,434.96	2,470.27

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.82
MACD (12,26,9):	2.9400
Directional Movement:	9.23
AROON (14):	85.72
DEMA (21):	2,334.90
Parabolic SAR (0,02-0,02-0,2):	2,341.84
Elder Ray (13):	3.08
Super Trend (3,10):	2,320.83
Zig ZAG (10):	2,335.90
VORTEX (21):	1.0700
Stochastique (14,3,5):	76.72
TEMA (21):	2,336.14
Williams %R (14):	-18.92
Chande Momentum Oscillator (20):	3.47
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.40

MA7:	2,344.26
MA20:	2,336.67
MA50:	2,206.20
MA100:	2,118.83
MAexp7:	2,334.05
MAexp20:	2,331.12
MAexp50:	2,328.38
MAexp100:	2,333.54
Price / MA7:	-0.34%
Price / MA20:	-0.01%
Price / MA50:	+5.90%
Price / MA100:	+10.27%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.34%
Price / MAexp100:	+0.12%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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