Londinia Opportunities Analyses - 05/08/2024 (GMT) GOLD - JPY - 1H
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JPY
(-)
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Real time data - Gold & Silver Spot
| Type: | Commodities |
| Ticker: | XAUJPY |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 356,342 JPY
My targets
365,914 JPY (+1.54%)
369,797 JPY (+2.62%)
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 - JPY as long as the price remains well above 356,342 JPY. The buyers' bullish objective is set at 365,914 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 369,797 JPY. If there is any crossing, the next objective would be the resistance located at 371,781 JPY. 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
8.4
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.
Additional analysis
Quotes
The GOLD - JPY price is 360,352 JPY. The price has increased by +0.57% since the last closing and was traded between 357,562 JPY and 360,697 JPY over the period. The price is currently at +0.78% from its lowest and -0.10% from its highest.357,562
360,697
360,352
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
Here is a more detailed summary of the historical variations registered by GOLD - JPY:
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 - JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 351,499 | 356,342 | 359,534 | 360,352 | 365,914 | 369,797 | 371,781 |
| Change (%) | -2.46% | -1.11% | -0.23% | - | +1.54% | +2.62% | +3.17% |
| Change | -8,853 | -4,010 | -818 | - | +5,562 | +9,445 | +11,429 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353,619 | 354,981 | 356,652 | 358,014 | 359,685 | 361,047 | 362,718 |
| Camarilla | 357,490 | 357,768 | 358,046 | 358,324 | 358,602 | 358,880 | 359,158 |
| Woodie | 353,775 | 355,058 | 356,808 | 358,091 | 359,841 | 361,124 | 362,874 |
| Fibonacci | 354,981 | 356,139 | 356,855 | 358,014 | 359,172 | 359,888 | 361,047 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 317,921 | 332,630 | 342,364 | 357,073 | 366,807 | 381,516 | 391,250 |
| Camarilla | 345,377 | 347,618 | 349,858 | 352,099 | 354,340 | 356,580 | 358,821 |
| Woodie | 315,435 | 331,386 | 339,878 | 355,829 | 364,321 | 380,272 | 388,764 |
| Fibonacci | 332,630 | 341,967 | 347,735 | 357,073 | 366,410 | 372,178 | 381,516 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 307,386 | 322,671 | 342,068 | 357,353 | 376,750 | 392,035 | 411,432 |
| Camarilla | 351,926 | 355,106 | 358,285 | 361,464 | 364,643 | 367,822 | 371,002 |
| Woodie | 309,441 | 323,699 | 344,123 | 358,381 | 378,805 | 393,063 | 413,487 |
| Fibonacci | 322,671 | 335,920 | 344,105 | 357,353 | 370,602 | 378,787 | 392,035 |
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): | 60.00 | |
| MACD (12,26,9): | 519.0000 | |
| Directional Movement: | 0 | |
| AROON (14): | 79 | |
| DEMA (21): | 359,794 | |
| Parabolic SAR (0,02-0,02-0,2): | 358,157 | |
| Elder Ray (13): | 372 | |
| Super Trend (3,10): | 357,872 | |
| Zig ZAG (10): | 360,067 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.00 | |
| TEMA (21): | 359,911 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 651 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 357,956 | |
| MA20: | 362,266 | |
| MA50: | 342,857 | |
| MA100: | 320,661 | |
| MAexp7: | 359,721 | |
| MAexp20: | 359,108 | |
| MAexp50: | 358,212 | |
| MAexp100: | 357,924 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | +5.10% | |
| Price / MA100: | +12.38% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.68% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - JPY at the time of the analysis were as follows:
Market Sentiment Poor: Gold, JPY May Climb Further on Risk Aversion | Webinar