MICRO GOLD ONLY0223 - 1H - Technical analysis published on 01/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
MICRO GOLD ONLY0223 Chart
One daily analysis for free from 
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1,912.5 USD
My targets
1,943.7 USD (+0.25%)
2,017.0 USD (+4.03%)
My analysis
The bullish trend is currently very strong on MICRO GOLD ONLY0223. As long as the price remains above the support at 1,912.5 USD, you could try to benefit from the boom. The first bullish objective is located at 1,943.7 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,017.0 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
7.7
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This analysis was given by bccartwright.
Additional analysis
Quotes
MICRO GOLD ONLY0223 rating 1,938.8 USD. On the day, this instrument gained +0.53% and was traded between 1,931.5 USD and 1,943.8 USD over the period. The price is currently at +0.38% from its lowest and -0.26% from its highest.1,931.5
1,943.8
1,938.8
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 MICRO GOLD ONLY0223:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MICRO GOLD ONLY0223 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,905.2 | 1,912.5 | 1,936.7 | 1,938.8 | 1,943.7 | 2,017.0 |
| Change (%) | -1.73% | -1.36% | -0.11% | - | +0.25% | +4.03% |
| Change | -33.6 | -26.3 | -2.1 | - | +4.9 | +78.2 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,890.9 | 1,901.7 | 1,915.1 | 1,925.9 | 1,939.3 | 1,950.1 | 1,963.5 |
| Camarilla | 1,922.0 | 1,924.2 | 1,926.4 | 1,928.6 | 1,930.8 | 1,933.0 | 1,935.3 |
| Woodie | 1,892.3 | 1,902.4 | 1,916.5 | 1,926.6 | 1,940.7 | 1,950.8 | 1,964.9 |
| Fibonacci | 1,901.7 | 1,910.9 | 1,916.6 | 1,925.9 | 1,935.1 | 1,940.8 | 1,950.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,864.5 | 1,881.5 | 1,904.9 | 1,921.9 | 1,945.3 | 1,962.3 | 1,985.7 |
| Camarilla | 1,917.1 | 1,920.8 | 1,924.5 | 1,928.2 | 1,931.9 | 1,935.6 | 1,939.3 |
| Woodie | 1,867.6 | 1,883.1 | 1,908.0 | 1,923.5 | 1,948.4 | 1,963.9 | 1,988.8 |
| Fibonacci | 1,881.5 | 1,897.0 | 1,906.5 | 1,921.9 | 1,937.4 | 1,946.9 | 1,962.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,724.5 | 1,751.1 | 1,788.7 | 1,815.3 | 1,852.9 | 1,879.5 | 1,917.1 |
| Camarilla | 1,808.6 | 1,814.4 | 1,820.3 | 1,826.2 | 1,832.1 | 1,838.0 | 1,843.9 |
| Woodie | 1,729.9 | 1,753.9 | 1,794.1 | 1,818.1 | 1,858.3 | 1,882.3 | 1,922.5 |
| Fibonacci | 1,751.1 | 1,775.7 | 1,790.8 | 1,815.3 | 1,839.9 | 1,855.0 | 1,879.5 |
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): | 60.20 | |
| MACD (12,26,9): | 3.1000 | |
| Directional Movement: | 8.4 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 1,938.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,943.6 | |
| Elder Ray (13): | 1.2 | |
| Super Trend (3,10): | 1,928.4 | |
| Zig ZAG (10): | 1,939.1 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 65.20 | |
| TEMA (21): | 1,940.4 | |
| Williams %R (14): | -42.30 | |
| Chande Momentum Oscillator (20): | 7.0 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.90 |
| MA7: | 1,922.1 | |
| MA20: | 1,880.7 | |
| MA50: | 1,825.9 | |
| MA100: | 1,761.2 | |
| MAexp7: | 1,938.3 | |
| MAexp20: | 1,934.9 | |
| MAexp50: | 1,930.5 | |
| MAexp100: | 1,924.9 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +6.18% | |
| Price / MA100: | +10.08% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.72% |
Quotes :
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10 min delayed data
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COMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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