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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 04/18/2024 (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: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 2,372.82 USD
My targets
2,398.33 USD (+0.71%)
2,431.55 USD (+2.10%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,372.82 USD. The next resistance located at 2,398.33 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,431.55 USD.

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
6.6

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

The GOLD - USD price is 2,381.51 USD. The price registered an increase of +0.57% on the session with the lowest point at 2,364.07 USD and the highest point at 2,387.55 USD. The deviation from the price is +0.74% for the low point and -0.25% for the high point.

2,364.07
2,387.55
2,381.51

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 GOLD - USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2,319.21 2,338.35 2,372.82 2,381.51 2,398.33 2,431.55
Change (%) -2.62% -1.81% -0.36% - +0.71% +2.10%
Change -62.30 -43.16 -8.69 - +16.82 +50.04
Level Major Minor Intermediate - Minor Minor



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
Standard2,308.842,331.742,349.842,372.742,390.842,413.742,431.84
Camarilla2,356.682,360.432,364.192,367.952,371.712,375.472,379.23
Woodie2,306.452,330.542,347.452,371.542,388.452,412.542,429.45
Fibonacci2,331.742,347.402,357.082,372.742,388.402,398.082,413.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,159.082,231.022,287.672,359.612,416.262,488.202,544.85
Camarilla2,308.962,320.752,332.532,344.322,356.112,367.902,379.68
Woodie2,151.442,227.202,280.032,355.792,408.622,484.382,537.21
Fibonacci2,231.022,280.142,310.492,359.612,408.732,439.082,488.20


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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.40
MACD (12,26,9): 0.8100
Directional Movement: 3.05
AROON (14): 100.00
DEMA (21): 2,378.12
Parabolic SAR (0,02-0,02-0,2): 2,361.76
Elder Ray (13): 5.70
Super Trend (3,10): 2,387.71
Zig ZAG (10): 2,382.63
VORTEX (21): 0.9800
Stochastique (14,3,5): 84.58
TEMA (21): 2,379.76
Williams %R (14): -25.03
Chande Momentum Oscillator (20): 11.62
Repulse (5,40,3): 0.0400
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 1.04
MA7: 2,367.54
MA20: 2,291.54
MA50: 2,166.99
MA100: 2,101.10
MAexp7: 2,380.28
MAexp20: 2,377.72
MAexp50: 2,377.23
MAexp100: 2,372.44
Price / MA7: +0.59%
Price / MA20: +3.93%
Price / MA50: +9.90%
Price / MA100: +13.35%
Price / MAexp7: +0.05%
Price / MAexp20: +0.16%
Price / MAexp50: +0.18%
Price / MAexp100: +0.38%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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