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 09/20/2024 (GMT)

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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

78%

22%

My opinion

Bullish above 2,600.25 USD

My targets

2,650.66 USD (+1.16%)

2,715.22 USD (+3.63%)

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 2,600.25 USD. The buyers' bullish objective is set at 2,650.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,715.22 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,620.16 USD. On the day, this instrument gained +1.27% and was between 2,584.80 USD and 2,625.78 USD. This implies that the price is at +1.37% from its lowest and at -0.21% from its highest.

2,584.80

2,625.78

2,620.16

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

The Central Records scanner for higher/lower results shows the following items:

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 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,560.74	2,589.64	2,600.25	2,620.16
Change (%)	-2.27%	-1.16%	-0.76%	-
Change	-59.42	-30.52	-19.91	-
Level	Intermediate	Intermediate	Minor	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,517.11	2,534.20	2,560.75	2,577.84	2,604.39	2,621.48	2,648.03
Camarilla	2,575.29	2,579.29	2,583.29	2,587.29	2,591.29	2,595.29	2,599.29
Woodie	2,521.83	2,536.57	2,565.47	2,580.21	2,609.11	2,623.85	2,652.75
Fibonacci	2,534.20	2,550.87	2,561.17	2,577.84	2,594.51	2,604.81	2,621.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,413.69	2,449.64	2,514.20	2,550.15	2,614.71	2,650.66	2,715.22
Camarilla	2,551.11	2,560.32	2,569.54	2,578.75	2,587.96	2,597.18	2,606.39
Woodie	2,427.99	2,456.79	2,528.50	2,557.30	2,629.01	2,657.81	2,729.52
Fibonacci	2,449.64	2,488.04	2,511.76	2,550.15	2,588.55	2,612.27	2,650.66

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.76
MACD (12,26,9):	9.3800
Directional Movement:	13.73
AROON (14):	85.71
DEMA (21):	2,619.91
Parabolic SAR (0,02-0,02-0,2):	2,612.10
Elder Ray (13):	6.09
Super Trend (3,10):	2,600.10
Zig ZAG (10):	2,618.66
VORTEX (21):	1.2400
Stochastique (14,3,5):	85.61
TEMA (21):	2,623.26
Williams %R (14):	-22.17
Chande Momentum Oscillator (20):	12.87
Repulse (5,40,3):	0.0300
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	1.88

MA7:	2,580.05
MA20:	2,533.54
MA50:	2,477.10
MA100:	2,412.63
MAexp7:	2,617.41
MAexp20:	2,607.74
MAexp50:	2,594.36
MAexp100:	2,582.93
Price / MA7:	+1.55%
Price / MA20:	+3.42%
Price / MA50:	+5.78%
Price / MA100:	+8.60%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.48%
Price / MAexp50:	+0.99%
Price / MAexp100:	+1.44%

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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