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 05/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

56%

11%

33%

My opinion

Bullish above 2,295.76 USD

My targets

2,316.32 USD (+0.38%)

2,328.49 USD (+0.91%)

My analysis

The strong short-term increase of GOLD - USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 2,295.76 USD, a purchase could be considered. The first bullish objective is located at 2,316.32 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2,328.49 USD. If there is any crossing, the next objective would be the resistance at 2,337.35 USD. Caution, if there is a return under 2,295.76 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

2.5

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

GOLD - USD rating 2,307.49 USD. The price has increased by +0.14% since the last closing and was between 2,299.91 USD and 2,308.82 USD. This implies that the price is at +0.33% from its lowest and at -0.06% from its highest.

2,299.91

2,308.82

2,307.49

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GOLD - USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

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 doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,285.45	2,295.76	2,305.17	2,307.49	2,316.32	2,328.49	2,337.35
Change (%)	-0.96%	-0.51%	-0.10%	-	+0.38%	+0.91%	+1.29%
Change	-22.04	-11.73	-2.32	-	+8.83	+21.00	+29.86
Level	Intermediate	Minor	Minor	-	Minor	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	2,243.35	2,264.43	2,284.34	2,305.42	2,325.33	2,346.41	2,366.32
Camarilla	2,292.97	2,296.73	2,300.48	2,304.24	2,308.00	2,311.76	2,315.51
Woodie	2,242.76	2,264.14	2,283.75	2,305.13	2,324.74	2,346.12	2,365.73
Fibonacci	2,264.43	2,280.09	2,289.77	2,305.42	2,321.08	2,330.76	2,346.41

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	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	53.96
MACD (12,26,9):	-0.4000
Directional Movement:	3.30
AROON (14):	21.43
DEMA (21):	2,303.88
Parabolic SAR (0,02-0,02-0,2):	2,290.30
Elder Ray (13):	3.58
Super Trend (3,10):	2,312.73
Zig ZAG (10):	2,307.20
VORTEX (21):	1.0300
Stochastique (14,3,5):	76.83
TEMA (21):	2,303.85
Williams %R (14):	-19.90
Chande Momentum Oscillator (20):	-0.79
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.32

MA7:	2,318.15
MA20:	2,342.68
MA50:	2,235.32
MA100:	2,134.19
MAexp7:	2,304.93
MAexp20:	2,304.64
MAexp50:	2,306.21
MAexp100:	2,311.68
Price / MA7:	-0.46%
Price / MA20:	-1.50%
Price / MA50:	+3.23%
Price / MA100:	+8.12%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.06%
Price / MAexp100:	-0.18%

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.

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