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

GOLD - USD - 1H - Technical analysis published on 12/04/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 2,045.49 USD
My targets
2,097.72 USD (+1.47%)
2,123.99 USD (+2.74%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are above the support located at 2,045.49 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2,097.72 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2,123.99 USD as an objective. Crossing it would then enable buyers to target 2,172.56 USD. If the support 2,045.49 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3

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.

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

Additional analysis

Quotes

The GOLD - USD rating is 2,067.43 USD. The price registered a decrease of -0.19% on the session with the lowest point at 2,057.86 USD and the highest point at 2,145.92 USD. The deviation from the price is +0.47% for the low point and -3.66% for the high point.

2,057.86
2,145.92
2,067.43

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,018.18 2,031.64 2,045.49 2,067.43
Change (%) -2.38% -1.73% -1.06% -
Change -49.25 -35.79 -21.94 -
Level Intermediate Minor Major -



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
Standard2,003.642,018.792,045.122,060.272,086.602,101.752,128.08
Camarilla2,060.042,063.852,067.652,071.452,075.252,079.062,082.86
Woodie2,009.232,021.592,050.712,063.072,092.192,104.552,133.67
Fibonacci2,018.792,034.642,044.432,060.272,076.122,085.912,101.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,948.041,974.312,022.882,049.152,097.722,123.992,172.56
Camarilla2,050.872,057.732,064.592,071.452,078.312,085.172,092.03
Woodie1,959.191,979.892,034.032,054.732,108.872,129.572,183.71
Fibonacci1,974.312,002.902,020.562,049.152,077.742,095.402,123.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

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): 51.61
MACD (12,26,9): 6.0000
Directional Movement: 18.05
AROON (14): -64.28
DEMA (21): 2,080.77
Parabolic SAR (0,02-0,02-0,2): 2,123.88
Elder Ray (13): -3.83
Super Trend (3,10): 2,100.82
Zig ZAG (10): 2,068.82
VORTEX (21): 1.1300
Stochastique (14,3,5): 13.40
TEMA (21): 2,079.65
Williams %R (14): -88.62
Chande Momentum Oscillator (20): -4.18
Repulse (5,40,3): -0.4300
ROCnROLL: -1
TRIX (15,9): 0.0700
Courbe Coppock: 0.74
MA7: 2,040.65
MA20: 1,995.20
MA50: 1,950.30
MA100: 1,940.02
MAexp7: 2,072.86
MAexp20: 2,071.54
MAexp50: 2,059.29
MAexp100: 2,046.40
Price / MA7: +1.31%
Price / MA20: +3.62%
Price / MA50: +6.01%
Price / MA100: +6.57%
Price / MAexp7: -0.26%
Price / MAexp20: -0.20%
Price / MAexp50: +0.39%
Price / MAexp100: +1.03%

Quotes : - Real time data - Gold & Silver Spot

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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