GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 09/11/2024 (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

72%

28%

My opinion

Bullish above 2,507.36 USD

My targets

2,525.34 USD (+0.28%)

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 2,507.36 USD. The next resistance located at 2,525.34 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,518.31 USD. The price registered a decrease of -0.02% on the session and was traded between 2,517.26 USD and 2,519.02 USD over the period. The price is currently at +0.04% from its lowest and -0.03% from its highest.

2,517.26

2,519.02

2,518.31

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,500.40	2,507.36	2,512.22	2,518.31	2,525.34
Change (%)	-0.71%	-0.43%	-0.24%	-	+0.28%
Change	-17.91	-10.95	-6.09	-	+7.03
Level	Minor	Minor	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,487.57	2,493.87	2,506.30	2,512.60	2,525.03	2,531.33	2,543.76
Camarilla	2,513.58	2,515.30	2,517.01	2,518.73	2,520.45	2,522.16	2,523.88
Woodie	2,490.64	2,495.40	2,509.37	2,514.13	2,528.10	2,532.86	2,546.83
Fibonacci	2,493.87	2,501.03	2,505.45	2,512.60	2,519.76	2,524.18	2,531.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,412.37	2,442.13	2,469.76	2,499.52	2,527.15	2,556.91	2,584.54
Camarilla	2,481.61	2,486.87	2,492.13	2,497.39	2,502.65	2,507.91	2,513.17
Woodie	2,411.31	2,441.60	2,468.70	2,498.99	2,526.09	2,556.38	2,583.48
Fibonacci	2,442.13	2,464.05	2,477.60	2,499.52	2,521.44	2,534.99	2,556.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,233.73	2,299.04	2,401.13	2,466.44	2,568.53	2,633.84	2,735.93
Camarilla	2,457.20	2,472.54	2,487.89	2,503.23	2,518.58	2,533.92	2,549.27
Woodie	2,252.13	2,308.24	2,419.53	2,475.64	2,586.93	2,643.04	2,754.33
Fibonacci	2,299.04	2,362.98	2,402.49	2,466.44	2,530.38	2,569.89	2,633.84

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):	64.79
MACD (12,26,9):	3.7600
Directional Movement:	18.14
AROON (14):	42.86
DEMA (21):	2,516.30
Parabolic SAR (0,02-0,02-0,2):	2,503.24
Elder Ray (13):	3.49
Super Trend (3,10):	2,505.93
Zig ZAG (10):	2,518.13
VORTEX (21):	1.1600
Stochastique (14,3,5):	92.11
TEMA (21):	2,518.61
Williams %R (14):	-2.73
Chande Momentum Oscillator (20):	13.48
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.90

MA7:	2,503.72
MA20:	2,501.93
MA50:	2,446.34
MA100:	2,392.27
MAexp7:	2,515.99
MAexp20:	2,511.67
MAexp50:	2,507.51
MAexp100:	2,505.59
Price / MA7:	+0.58%
Price / MA20:	+0.65%
Price / MA50:	+2.94%
Price / MA100:	+5.27%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.43%
Price / MAexp100:	+0.51%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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