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
78%
0%
22%
My opinion
Bullish above 2,324.62 USD
My targets
2,373.14 USD (+1.47%)
2,398.33 USD (+2.55%)
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.
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
6.4
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Additional analysis
Quotes
The GOLD - USD rating is 2,338.69 USD. The price registered an increase of +0.35% on the session and was between 2,326.29 USD and 2,343.24 USD. This implies that the price is at +0.53% from its lowest and at -0.19% from its highest.2,326.29
2,343.24
2,338.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 GOLD - USD in 1H shows an overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,312.53 | 2,324.62 | 2,336.78 | 2,338.69 | 2,373.14 | 2,398.33 | 2,417.91 |
Change (%) | -1.12% | -0.60% | -0.08% | - | +1.47% | +2.55% | +3.39% |
Change | -26.16 | -14.07 | -1.91 | - | +34.45 | +59.64 | +79.22 |
Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 67.16 | |
MACD (12,26,9): | 3.7500 | |
Directional Movement: | 14.44 | |
AROON (14): | 92.86 | |
DEMA (21): | 2,337.58 | |
Parabolic SAR (0,02-0,02-0,2): | 2,326.63 | |
Elder Ray (13): | 5.59 | |
Super Trend (3,10): | 2,325.29 | |
Zig ZAG (10): | 2,339.44 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 85.76 | |
TEMA (21): | 2,339.07 | |
Williams %R (14): | -26.78 | |
Chande Momentum Oscillator (20): | 5.91 | |
Repulse (5,40,3): | 0.0900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.53 |
MA7: | 2,344.69 | |
MA20: | 2,336.93 | |
MA50: | 2,206.32 | |
MA100: | 2,118.88 | |
MAexp7: | 2,336.86 | |
MAexp20: | 2,333.07 | |
MAexp50: | 2,329.43 | |
MAexp100: | 2,333.90 | |
Price / MA7: | -0.26% | |
Price / MA20: | +0.08% | |
Price / MA50: | +6.00% | |
Price / MA100: | +10.37% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | +0.24% | |
Price / MAexp50: | +0.40% | |
Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold Daily Forecast and Technical Analysis for April 25, 2024 by Bruce Powers, CMT, FX Empire
- Navigating Gold Investment with Ion-Marc Valahu
- Gold Daily Forecast and Technical Analysis for April 25 by Chris Lewis, #XAUUSD, #FXEmpire #gold
- Gold Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
- Gold Forecast April 26, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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