GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
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High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 08/01/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 2,426.21 USD

My targets

2,468.36 USD (+1.04%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,426.21 USD, you could try to benefit from the boom. The first bullish objective is located at 2,468.36 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.8

Comment on the analysis

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.

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

Additional analysis

Quotes

The GOLD - USD price is 2,442.95 USD. The price is lower by -0.12% since the last closing and was traded between 2,437.39 USD and 2,458.44 USD over the period. The price is currently at +0.23% from its lowest and -0.63% from its highest.

2,437.39

2,458.44

2,442.95

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

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:

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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,383.69	2,403.42	2,426.21	2,442.95	2,468.36
Change (%)	-2.43%	-1.62%	-0.69%	-	+1.04%
Change	-59.26	-39.53	-16.74	-	+25.41
Level	Intermediate	Intermediate	Major	-	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
Standard	2,369.10	2,386.51	2,416.15	2,433.56	2,463.20	2,480.61	2,510.25
Camarilla	2,432.86	2,437.17	2,441.49	2,445.80	2,450.11	2,454.43	2,458.74
Woodie	2,375.23	2,389.57	2,422.28	2,436.62	2,469.33	2,483.67	2,516.38
Fibonacci	2,386.51	2,404.48	2,415.58	2,433.56	2,451.53	2,462.63	2,480.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,270.12	2,311.63	2,349.02	2,390.53	2,427.92	2,469.43	2,506.82
Camarilla	2,364.71	2,371.95	2,379.18	2,386.41	2,393.64	2,400.88	2,408.11
Woodie	2,268.06	2,310.60	2,346.96	2,389.50	2,425.86	2,468.40	2,504.76
Fibonacci	2,311.63	2,341.77	2,360.39	2,390.53	2,420.67	2,439.29	2,469.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,183.11	2,250.83	2,348.31	2,416.03	2,513.51	2,581.23	2,678.71
Camarilla	2,400.37	2,415.51	2,430.66	2,445.80	2,460.94	2,476.09	2,491.23
Woodie	2,198.00	2,258.27	2,363.20	2,423.47	2,528.40	2,588.67	2,693.60
Fibonacci	2,250.83	2,313.93	2,352.92	2,416.03	2,479.13	2,518.12	2,581.23

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):	60.58
MACD (12,26,9):	7.8900
Directional Movement:	18.93
AROON (14):	50.00
DEMA (21):	2,449.73
Parabolic SAR (0,02-0,02-0,2):	2,436.76
Elder Ray (13):	0.87
Super Trend (3,10):	2,432.12
Zig ZAG (10):	2,443.41
VORTEX (21):	1.1700
Stochastique (14,3,5):	64.65
TEMA (21):	2,449.73
Williams %R (14):	-39.44
Chande Momentum Oscillator (20):	-5.89
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	1.33

MA7:	2,404.33
MA20:	2,407.40
MA50:	2,362.69
MA100:	2,334.92
MAexp7:	2,444.75
MAexp20:	2,438.48
MAexp50:	2,423.18
MAexp100:	2,411.48
Price / MA7:	+1.61%
Price / MA20:	+1.48%
Price / MA50:	+3.40%
Price / MA100:	+4.63%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.18%
Price / MAexp50:	+0.82%
Price / MAexp100:	+1.31%

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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