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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 05/07/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 2,320.36 USD
My targets
2,336.02 USD (+0.40%)
2,352.61 USD (+1.11%)
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 2,320.36 USD. The next resistance located at 2,336.02 USD is the next bullish objective 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 2,352.61 USD. After this resistance, buyers could then target 2,390.13 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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.

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

Additional analysis

Quotes

The GOLD - USD price is 2,326.70 USD. On the day, this instrument gained +0.03% and was between 2,325.60 USD and 2,327.15 USD. This implies that the price is at +0.05% from its lowest and at -0.02% from its highest.

2,325.60
2,327.15
2,326.70

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,281.63 2,305.17 2,320.36 2,326.70 2,336.02 2,352.61 2,390.13
Change (%) -1.94% -0.93% -0.27% - +0.40% +1.11% +2.73%
Change -45.07 -21.53 -6.34 - +9.32 +25.91 +63.43
Level Intermediate Minor Major - Major 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
Standard2,261.092,276.482,301.252,316.642,341.412,356.802,381.57
Camarilla2,314.992,318.672,322.352,326.032,329.712,333.392,337.07
Woodie2,265.792,278.832,305.952,318.992,346.112,359.152,386.27
Fibonacci2,276.482,291.822,301.302,316.642,331.982,341.462,356.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,200.352,238.852,269.772,308.272,339.192,377.692,408.61
Camarilla2,281.612,287.972,294.342,300.702,307.062,313.432,319.79
Woodie2,196.572,236.962,265.992,306.382,335.412,375.802,404.83
Fibonacci2,238.852,265.372,281.752,308.272,334.792,351.172,377.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,999.722,114.122,202.752,317.152,405.782,520.182,608.81
Camarilla2,235.552,254.162,272.772,291.382,309.992,328.602,347.21
Woodie1,986.842,107.682,189.872,310.712,392.902,513.742,595.93
Fibonacci2,114.122,191.682,239.592,317.152,394.712,442.622,520.18

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): 61.78
MACD (12,26,9): 4.8300
Directional Movement: 11.57
AROON (14): 7.14
DEMA (21): 2,327.88
Parabolic SAR (0,02-0,02-0,2): 2,315.81
Elder Ray (13): 2.47
Super Trend (3,10): 2,310.38
Zig ZAG (10): 2,326.47
VORTEX (21): 1.1400
Stochastique (14,3,5): 68.03
TEMA (21): 2,329.31
Williams %R (14): -30.02
Chande Momentum Oscillator (20): 3.33
Repulse (5,40,3): 0.1400
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.57
MA7: 2,315.02
MA20: 2,340.26
MA50: 2,246.89
MA100: 2,139.96
MAexp7: 2,325.31
MAexp20: 2,321.37
MAexp50: 2,314.36
MAexp100: 2,312.29
Price / MA7: +0.50%
Price / MA20: -0.58%
Price / MA50: +3.55%
Price / MA100: +8.73%
Price / MAexp7: +0.06%
Price / MAexp20: +0.23%
Price / MAexp50: +0.53%
Price / MAexp100: +0.62%

Quotes : - Real time data - Gold & Silver Spot

News


Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news 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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