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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 04/02/2024 (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: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,231.94 USD
My targets
2,265.74 USD (+0.48%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,231.94 USD, you could try to benefit from the boom. The first bullish objective is located at 2,265.74 USD. The bullish momentum would be boosted by a break in this resistance. 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.

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
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.

jann1414
This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,254.94 USD. On the day, this instrument gained +0.26% with the lowest point at 2,246.73 USD and the highest point at 2,259.90 USD. The deviation from the price is +0.37% for the low point and -0.22% for the high point.

2,246.73
2,259.90
2,254.94

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 - USD 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 is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 2,180.76 2,203.99 2,231.94 2,254.94 2,265.74
Change (%) -3.29% -2.26% -1.02% - +0.48%
Change -74.18 -50.95 -23.00 - +10.80
Level Minor Major Minor - Intermediate



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
Standard2,234.642,240.692,247.812,253.862,260.982,267.032,274.15
Camarilla2,251.322,252.532,253.732,254.942,256.152,257.362,258.56
Woodie2,235.192,240.962,248.362,254.132,261.532,267.302,274.70
Fibonacci2,240.692,245.722,248.832,253.862,258.892,262.002,267.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,113.292,138.472,186.072,211.252,258.852,284.032,331.63
Camarilla2,213.672,220.342,227.012,233.682,240.352,247.022,253.70
Woodie2,124.512,144.082,197.292,216.862,270.072,289.642,342.85
Fibonacci2,138.472,166.272,183.452,211.252,239.052,256.232,284.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,905.681,972.372,103.032,169.722,300.382,367.072,497.73
Camarilla2,179.412,197.502,215.592,233.682,251.772,269.862,287.95
Woodie1,937.661,988.362,135.012,185.712,332.362,383.062,529.71
Fibonacci1,972.372,047.762,094.342,169.722,245.112,291.692,367.07

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): 58.89
MACD (12,26,9): 4.0300
Directional Movement: 16.87
AROON (14): 78.57
DEMA (21): 2,255.37
Parabolic SAR (0,02-0,02-0,2): 2,238.10
Elder Ray (13): 2.65
Super Trend (3,10): 2,261.77
Zig ZAG (10): 2,254.41
VORTEX (21): 1.0200
Stochastique (14,3,5): 79.96
TEMA (21): 2,252.70
Williams %R (14): -23.56
Chande Momentum Oscillator (20): 14.69
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.92
MA7: 2,206.48
MA20: 2,180.12
MA50: 2,090.63
MA100: 2,056.61
MAexp7: 2,252.94
MAexp20: 2,249.66
MAexp50: 2,237.61
MAexp100: 2,219.89
Price / MA7: +2.20%
Price / MA20: +3.43%
Price / MA50: +7.86%
Price / MA100: +9.64%
Price / MAexp7: +0.09%
Price / MAexp20: +0.23%
Price / MAexp50: +0.77%
Price / MAexp100: +1.58%

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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