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 09/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

61%

39%

My opinion

Bullish above 2,509.86 USD

My targets

2,525.34 USD (+0.34%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,509.86 USD. The buyers' bullish objective is set at 2,525.34 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.9

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 2,516.77 USD. The price has increased by +0.19% since the last closing and was traded between 2,511.05 USD and 2,522.33 USD over the period. The price is currently at +0.23% from its lowest and -0.22% from its highest.

2,511.05

2,522.33

2,516.77

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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 this 1H chart of GOLD - USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the 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 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.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,485.31	2,500.45	2,509.86	2,516.77	2,525.34
Change (%)	-1.25%	-0.65%	-0.27%	-	+0.34%
Change	-31.46	-16.32	-6.91	-	+8.57
Level	Intermediate	Intermediate	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	2,470.97	2,486.00	2,499.00	2,514.03	2,527.03	2,542.06	2,555.06
Camarilla	2,504.28	2,506.85	2,509.42	2,511.99	2,514.56	2,517.13	2,519.70
Woodie	2,469.95	2,485.49	2,497.98	2,513.52	2,526.01	2,541.55	2,554.04
Fibonacci	2,486.00	2,496.71	2,503.33	2,514.03	2,524.74	2,531.36	2,542.06

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.02
MACD (12,26,9):	0.5000
Directional Movement:	10.27
AROON (14):	78.57
DEMA (21):	2,515.66
Parabolic SAR (0,02-0,02-0,2):	2,503.33
Elder Ray (13):	0.80
Super Trend (3,10):	2,524.33
Zig ZAG (10):	2,516.64
VORTEX (21):	0.9400
Stochastique (14,3,5):	68.14
TEMA (21):	2,515.32
Williams %R (14):	-44.83
Chande Momentum Oscillator (20):	3.86
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.19

MA7:	2,509.20
MA20:	2,508.04
MA50:	2,452.61
MA100:	2,396.09
MAexp7:	2,516.10
MAexp20:	2,515.11
MAexp50:	2,513.42
MAexp100:	2,510.61
Price / MA7:	+0.30%
Price / MA20:	+0.35%
Price / MA50:	+2.62%
Price / MA100:	+5.04%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.07%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.25%

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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