GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 10/21/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

28%

56%

My opinion

Bullish above

My targets

()

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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

Force

2.9

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,721.27 USD. The price registered an increase of +0.00% on the session and was between 2,718.83 USD and 2,740.61 USD. This implies that the price is at +0.09% from its lowest and at -0.71% from its highest.

2,718.83

2,740.61

2,721.27

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,643.63	2,672.68	2,720.18	2,721.27
Change (%)	-2.85%	-1.79%	-0.04%	-
Change	-77.64	-48.59	-1.09	-
Level	Minor	Major	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	2,672.15	2,682.49	2,701.93	2,712.27	2,731.71	2,742.05	2,761.49
Camarilla	2,713.18	2,715.91	2,718.64	2,721.37	2,724.10	2,726.83	2,729.56
Woodie	2,676.70	2,684.77	2,706.48	2,714.55	2,736.26	2,744.33	2,766.04
Fibonacci	2,682.49	2,693.87	2,700.89	2,712.27	2,723.65	2,730.67	2,742.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,580.97	2,609.54	2,665.46	2,694.03	2,749.95	2,778.52	2,834.44
Camarilla	2,698.14	2,705.88	2,713.63	2,721.37	2,729.12	2,736.86	2,744.61
Woodie	2,594.64	2,616.38	2,679.13	2,700.87	2,763.62	2,785.36	2,848.11
Fibonacci	2,609.54	2,641.82	2,661.76	2,694.03	2,726.31	2,746.25	2,778.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,296.16	2,384.02	2,509.87	2,597.73	2,723.58	2,811.44	2,937.29
Camarilla	2,576.94	2,596.53	2,616.12	2,635.71	2,655.30	2,674.89	2,694.48
Woodie	2,315.15	2,393.52	2,528.86	2,607.23	2,742.57	2,820.94	2,956.28
Fibonacci	2,384.02	2,465.66	2,516.10	2,597.73	2,679.37	2,729.81	2,811.44

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):	46.65
MACD (12,26,9):	4.9700
Directional Movement:	-5.18
AROON (14):	-14.29
DEMA (21):	2,734.85
Parabolic SAR (0,02-0,02-0,2):	2,740.61
Elder Ray (13):	-6.62
Super Trend (3,10):	2,719.80
Zig ZAG (10):	2,722.22
VORTEX (21):	1.0400
Stochastique (14,3,5):	43.39
TEMA (21):	2,733.12
Williams %R (14):	-83.56
Chande Momentum Oscillator (20):	-9.14
Repulse (5,40,3):	-0.3900
ROCnROLL:	-1
TRIX (15,9):	0.0400
Courbe Coppock:	0.49

MA7:	2,682.53
MA20:	2,659.82
MA50:	2,578.05
MA100:	2,475.79
MAexp7:	2,729.47
MAexp20:	2,727.10
MAexp50:	2,714.50
MAexp100:	2,697.50
Price / MA7:	+1.44%
Price / MA20:	+2.31%
Price / MA50:	+5.56%
Price / MA100:	+9.92%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.21%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.88%

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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