GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 10/23/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above

My targets

()

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

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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

Additional analysis

Quotes

The GOLD - USD price is 2,746.15 USD. On the day, this instrument lost -0.02% with the lowest point at 2,745.86 USD and the highest point at 2,747.11 USD. The deviation from the price is +0.01% for the low point and -0.03% for the high point.

2,745.86

2,747.11

2,746.15

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,672.68	2,714.20	2,740.61	2,746.15
Change (%)	-2.68%	-1.16%	-0.20%	-
Change	-73.47	-31.95	-5.54	-
Level	Major	Intermediate	Intermediate	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,700.15	2,710.39	2,728.50	2,738.74	2,756.85	2,767.09	2,785.20
Camarilla	2,738.80	2,741.40	2,744.00	2,746.60	2,749.20	2,751.80	2,754.40
Woodie	2,704.08	2,712.36	2,732.43	2,740.71	2,760.78	2,769.06	2,789.13
Fibonacci	2,710.39	2,721.22	2,727.91	2,738.74	2,749.57	2,756.26	2,767.09

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.39
MACD (12,26,9):	2.7000
Directional Movement:	8.58
AROON (14):	78.57
DEMA (21):	2,730.77
Parabolic SAR (0,02-0,02-0,2):	2,719.31
Elder Ray (13):	4.45
Super Trend (3,10):	2,736.92
Zig ZAG (10):	2,736.26
VORTEX (21):	0.9900
Stochastique (14,3,5):	88.99
TEMA (21):	2,729.90
Williams %R (14):	-1.61
Chande Momentum Oscillator (20):	19.80
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.26

MA7:	2,693.88
MA20:	2,663.73
MA50:	2,583.50
MA100:	2,479.88
MAexp7:	2,730.90
MAexp20:	2,727.35
MAexp50:	2,719.75
MAexp100:	2,704.58
Price / MA7:	+1.94%
Price / MA20:	+3.09%
Price / MA50:	+6.30%
Price / MA100:	+10.74%
Price / MAexp7:	+0.56%
Price / MAexp20:	+0.69%
Price / MAexp50:	+0.97%
Price / MAexp100:	+1.53%

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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