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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 05/20/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 2,397.46 USD
My targets
2,448.73 USD (+0.45%)
2,481.03 USD (+1.77%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,397.46 USD. The buyers' bullish objective is set at 2,448.73 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,481.03 USD. If there is any crossing, the next objective would be the resistance located at 2,539.28 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.1

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.

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

Additional analysis

Quotes

The GOLD - USD rating is 2,437.85 USD. On the day, this instrument gained +0.89% and was between 2,416.54 USD and 2,450.09 USD. This implies that the price is at +0.88% from its lowest and at -0.50% from its highest.

2,416.54
2,450.09
2,437.85

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 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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,374.01 2,390.13 2,397.46 2,437.85
Change (%) -2.62% -1.96% -1.66% -
Change -63.84 -47.72 -40.39 -
Level 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
Standard2,337.182,355.572,386.002,404.392,434.822,453.212,483.64
Camarilla2,403.002,407.472,411.952,416.422,420.902,425.372,429.85
Woodie2,343.192,358.582,392.012,407.402,440.832,456.222,489.65
Fibonacci2,355.572,374.222,385.742,404.392,423.042,434.562,453.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,267.632,299.932,358.182,390.482,448.732,481.032,539.28
Camarilla2,391.522,399.822,408.122,416.422,424.722,433.022,441.32
Woodie2,280.602,306.422,371.152,396.972,461.702,487.522,552.25
Fibonacci2,299.932,334.522,355.892,390.482,425.072,446.442,481.03


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 64.90
MACD (12,26,9): 12.6000
Directional Movement: 22.21
AROON (14): 64.29
DEMA (21): 2,443.78
Parabolic SAR (0,02-0,02-0,2): 2,449.13
Elder Ray (13): 5.18
Super Trend (3,10): 2,418.39
Zig ZAG (10): 2,437.07
VORTEX (21): 1.2300
Stochastique (14,3,5): 72.39
TEMA (21): 2,447.79
Williams %R (14): -35.26
Chande Momentum Oscillator (20): 19.43
Repulse (5,40,3): -0.1500
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 2.27
MA7: 2,383.11
MA20: 2,341.85
MA50: 2,294.97
MA100: 2,168.83
MAexp7: 2,438.84
MAexp20: 2,427.01
MAexp50: 2,407.44
MAexp100: 2,389.35
Price / MA7: +2.30%
Price / MA20: +4.10%
Price / MA50: +6.23%
Price / MA100: +12.40%
Price / MAexp7: -0.04%
Price / MAexp20: +0.45%
Price / MAexp50: +1.26%
Price / MAexp100: +2.03%

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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