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GOLD - AUD
GOLD - AUD
- AUD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUAUD
ISIN:

GOLD - AUD - 1H - Technical analysis published on 10/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
61%
17%
22%
My opinion
Bullish above 2,861.73 AUD
My targets
2,879.97 AUD (+0.35%)
2,894.55 AUD (+0.86%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GOLD - AUD as long as the price remains well above 2,861.73 AUD. The buyers' bullish objective is set at 2,879.97 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,894.55 AUD. If there is any crossing, the next objective would be the resistance located at 2,946.80 AUD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2,879.97 AUD. On this resistance, against the trend traders who would like to go short on GOLD - AUD with a bearish signal from their trading strategy, should not hesitate to act.

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
1.8

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.

imraanaly
This analysis was given by imraanaly. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - AUD rating 2,869.87 AUD. The price has increased by +0.37% since the last closing and was between 2,856.13 AUD and 2,882.03 AUD. This implies that the price is at +0.48% from its lowest and at -0.42% from its highest.

2,856.13
2,882.03
2,869.87

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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 an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GOLD - AUD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this GOLD - AUD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,732.25 2,794.76 2,861.73 2,869.87 2,879.97 2,894.55 2,946.80
Change (%) -4.80% -2.62% -0.28% - +0.35% +0.86% +2.68%
Change -137.62 -75.11 -8.14 - +10.10 +24.68 +76.93
Level Minor Minor Major - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,830.762,843.442,856.662,869.342,882.562,895.242,908.46
Camarilla2,862.752,865.122,867.502,869.872,872.242,874.622,876.99
Woodie2,831.022,843.582,856.922,869.482,882.822,895.382,908.72
Fibonacci2,843.442,853.342,859.452,869.342,879.242,885.352,895.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,800.212,827.692,848.782,876.262,897.352,924.832,945.92
Camarilla2,856.512,860.972,865.422,869.872,874.322,878.782,883.23
Woodie2,797.022,826.092,845.592,874.662,894.162,923.232,942.73
Fibonacci2,827.692,846.242,857.712,876.262,894.812,906.282,924.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,645.762,758.292,815.152,927.682,984.543,097.073,153.93
Camarilla2,825.442,840.972,856.492,872.022,887.552,903.082,918.60
Woodie2,617.942,744.372,787.332,913.762,956.723,083.153,126.11
Fibonacci2,758.292,822.992,862.972,927.682,992.383,032.363,097.07

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): 55.72
MACD (12,26,9): 0.5700
Directional Movement: 13.24
AROON (14): 50.00
DEMA (21): 2,866.40
Parabolic SAR (0,02-0,02-0,2): 2,879.89
Elder Ray (13): 1.04
Super Trend (3,10): 2,857.66
Zig ZAG (10): 2,869.87
VORTEX (21): 1.0400
Stochastique (14,3,5): 34.99
TEMA (21): 2,868.78
Williams %R (14): -49.55
Chande Momentum Oscillator (20): 7.02
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.40
MA7: 2,877.84
MA20: 2,946.83
MA50: 2,960.01
MA100: 2,933.73
MAexp7: 2,867.19
MAexp20: 2,866.10
MAexp50: 2,868.44
MAexp100: 2,877.13
Price / MA7: -0.28%
Price / MA20: -2.61%
Price / MA50: -3.05%
Price / MA100: -2.18%
Price / MAexp7: +0.09%
Price / MAexp20: +0.13%
Price / MAexp50: +0.05%
Price / MAexp100: -0.25%

Quotes : - Real time data - Gold & Silver Spot

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

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