GOLD - USD - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
GOLD - USD rating 2,488.95 USD. The price has increased by +1.29% since the last closing and was traded between 2,450.80 USD and 2,492.57 USD over the period. The price is currently at +1.56% from its lowest and -0.15% from its highest.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 Central Gaps](/medias/screeners/logo/CentralGaps.png)
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:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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
Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 2,458.69 | 2,470.12 | 2,480.14 | 2,488.95 |
Change (%) | -1.22% | -0.76% | -0.35% | - |
Change | -30.26 | -18.83 | -8.81 | - |
Level | Minor | Intermediate | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,398.42 | 2,415.31 | 2,436.34 | 2,453.23 | 2,474.26 | 2,491.15 | 2,512.18 |
Camarilla | 2,446.94 | 2,450.42 | 2,453.89 | 2,457.37 | 2,460.85 | 2,464.32 | 2,467.80 |
Woodie | 2,400.49 | 2,416.35 | 2,438.41 | 2,454.27 | 2,476.33 | 2,492.19 | 2,514.25 |
Fibonacci | 2,415.31 | 2,429.80 | 2,438.75 | 2,453.23 | 2,467.72 | 2,476.67 | 2,491.15 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,282.37 | 2,323.35 | 2,376.89 | 2,417.87 | 2,471.41 | 2,512.39 | 2,565.93 |
Camarilla | 2,404.43 | 2,413.09 | 2,421.76 | 2,430.42 | 2,439.08 | 2,447.75 | 2,456.41 |
Woodie | 2,288.64 | 2,326.49 | 2,383.16 | 2,421.01 | 2,477.68 | 2,515.53 | 2,572.20 |
Fibonacci | 2,323.35 | 2,359.46 | 2,381.77 | 2,417.87 | 2,453.98 | 2,476.29 | 2,512.39 |
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:
RSI (14): | 71.52 | |
MACD (12,26,9): | 6.1700 | |
Directional Movement: | 31.69 | |
AROON (14): | 71.43 | |
DEMA (21): | 2,471.08 | |
Parabolic SAR (0,02-0,02-0,2): | 2,453.18 | |
Elder Ray (13): | 19.89 | |
Super Trend (3,10): | 2,466.43 | |
Zig ZAG (10): | 2,486.22 | |
VORTEX (21): | 1.2500 | |
Stochastique (14,3,5): | 94.73 | |
TEMA (21): | 2,477.05 | |
Williams %R (14): | -13.41 | |
Chande Momentum Oscillator (20): | 29.30 | |
Repulse (5,40,3): | 0.7100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 1.30 |
MA7: | 2,455.47 | |
MA20: | 2,421.95 | |
MA50: | 2,383.55 | |
MA100: | 2,363.30 | |
MAexp7: | 2,474.71 | |
MAexp20: | 2,464.42 | |
MAexp50: | 2,459.52 | |
MAexp100: | 2,454.56 | |
Price / MA7: | +1.36% | |
Price / MA20: | +2.77% | |
Price / MA50: | +4.42% | |
Price / MA100: | +5.32% | |
Price / MAexp7: | +0.58% | |
Price / MAexp20: | +1.00% | |
Price / MAexp50: | +1.20% | |
Price / MAexp100: | +1.40% |
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Gold Continues to Drive Higher: Forecast & Technical Analysis by Chris Lewis (August 16)
-
Gold Pulls Back on Thursday: Forecast & Technical Analysis by Bruce Powers (August 15)
-
Gold Continues to Look to Higher Levels: Forecast & Technical Analysis by Chris Lewis (August 15)
-
Gold Falls Back into Consolidation: Forecast & Technical Analysis by Bruce Powers (August 14)
-
Gold Pressures The Resistance: Forecast & Technical Analysis by Chris Lewis (August 14)
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