GOLD - USD - 1H - Technical analysis published on 07/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 2,391.46 USD
My targets
2,426.21 USD (+0.57%)
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 2,391.46 USD. The buyers' bullish objective is set at 2,426.21 USD. A bullish break in this resistance would boost the bullish momentum. 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
8
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,412.44 USD. The price is lower by -0.15% since the last closing and was between 2,391.50 USD and 2,418.30 USD. This implies that the price is at +0.88% from its lowest and at -0.24% from its highest.2,391.50
2,418.30
2,412.44
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 Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 LOW record (1 month)
Type : Bearish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 2,360.76 | 2,391.46 | 2,408.35 | 2,412.44 | 2,416.35 | 2,426.21 |
Change (%) | -2.14% | -0.87% | -0.17% | - | +0.16% | +0.57% |
Change | -51.68 | -20.98 | -4.09 | - | +3.91 | +13.77 |
Level | Major | Intermediate | Minor | - | Minor | Major |
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 |
---|---|---|---|---|---|---|---|
Standard | 2,369.73 | 2,380.61 | 2,396.53 | 2,407.41 | 2,423.33 | 2,434.21 | 2,450.13 |
Camarilla | 2,405.07 | 2,407.53 | 2,409.98 | 2,412.44 | 2,414.90 | 2,417.35 | 2,419.81 |
Woodie | 2,372.24 | 2,381.87 | 2,399.04 | 2,408.67 | 2,425.84 | 2,435.47 | 2,452.64 |
Fibonacci | 2,380.61 | 2,390.85 | 2,397.18 | 2,407.41 | 2,417.65 | 2,423.98 | 2,434.21 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,291.36 | 2,320.43 | 2,366.44 | 2,395.51 | 2,441.52 | 2,470.59 | 2,516.60 |
Camarilla | 2,391.79 | 2,398.68 | 2,405.56 | 2,412.44 | 2,419.32 | 2,426.21 | 2,433.09 |
Woodie | 2,299.82 | 2,324.67 | 2,374.90 | 2,399.75 | 2,449.98 | 2,474.83 | 2,525.06 |
Fibonacci | 2,320.43 | 2,349.11 | 2,366.83 | 2,395.51 | 2,424.19 | 2,441.91 | 2,470.59 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,178.80 | 2,232.79 | 2,279.78 | 2,333.77 | 2,380.76 | 2,434.75 | 2,481.74 |
Camarilla | 2,299.00 | 2,308.26 | 2,317.51 | 2,326.77 | 2,336.03 | 2,345.28 | 2,354.54 |
Woodie | 2,175.30 | 2,231.04 | 2,276.28 | 2,332.02 | 2,377.26 | 2,433.00 | 2,478.24 |
Fibonacci | 2,232.79 | 2,271.36 | 2,295.20 | 2,333.77 | 2,372.34 | 2,396.18 | 2,434.75 |
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): | 57.49 | |
MACD (12,26,9): | 3.3600 | |
Directional Movement: | 0.52 | |
AROON (14): | 35.71 | |
DEMA (21): | 2,413.64 | |
Parabolic SAR (0,02-0,02-0,2): | 2,401.63 | |
Elder Ray (13): | 1.48 | |
Super Trend (3,10): | 2,398.87 | |
Zig ZAG (10): | 2,412.44 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 80.86 | |
TEMA (21): | 2,412.23 | |
Williams %R (14): | -21.87 | |
Chande Momentum Oscillator (20): | 4.94 | |
Repulse (5,40,3): | 0.0000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.39 |
MA7: | 2,382.34 | |
MA20: | 2,348.22 | |
MA50: | 2,348.17 | |
MA100: | 2,291.67 | |
MAexp7: | 2,412.18 | |
MAexp20: | 2,408.93 | |
MAexp50: | 2,400.33 | |
MAexp100: | 2,388.68 | |
Price / MA7: | +1.26% | |
Price / MA20: | +2.73% | |
Price / MA50: | +2.74% | |
Price / MA100: | +5.27% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.15% | |
Price / MAexp50: | +0.50% | |
Price / MAexp100: | +0.99% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Aly Raisman on gymnastics, winning gold, and life after the Olympics | BBC News
-
Gold Prices In Q3 2024 Are Mixed
-
Gold Daily Forecast and Technical Analysis for July 12, 2024 by Bruce Powers, CMT, FX Empire
-
Gold Forecast July 15, 2024
-
Gold Long Term Forecast and Technical Analysis for July 12, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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