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GOLD - USD
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 10/28/2024 (GMT)

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  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : IN PROGRESS...

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above
My targets
()
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
7.3

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.

shadybhai
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,739.36 USD. The price registered a decrease of -0.34% on the session and was between 2,724.71 USD and 2,744.60 USD. This implies that the price is at +0.54% from its lowest and at -0.19% from its highest.

2,724.71
2,744.60
2,739.36

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2,672.68 2,685.35 2,714.20 2,739.36 2,743.31 2,758.50
Change (%) -2.43% -1.97% -0.92% - +0.14% +0.70%
Change -66.68 -54.01 -25.16 - +3.95 +19.14
Level Intermediate Minor Major - Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,695.952,706.522,727.642,738.212,759.332,769.902,791.02
Camarilla2,740.062,742.962,745.872,748.772,751.682,754.582,757.49
Woodie2,701.242,709.162,732.932,740.852,764.622,772.542,796.31
Fibonacci2,706.522,718.622,726.102,738.212,750.312,757.792,769.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,669.212,689.022,718.892,738.702,768.572,788.382,818.25
Camarilla2,735.112,739.662,744.222,748.772,753.322,757.882,762.43
Woodie2,674.252,691.542,723.932,741.222,773.612,790.902,823.29
Fibonacci2,689.022,707.992,719.722,738.702,757.672,769.402,788.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,296.162,384.022,509.872,597.732,723.582,811.442,937.29
Camarilla2,576.942,596.532,616.122,635.712,655.302,674.892,694.48
Woodie2,315.152,393.522,528.862,607.232,742.572,820.942,956.28
Fibonacci2,384.022,465.662,516.102,597.732,679.372,729.812,811.44

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): 53.99
MACD (12,26,9): 0.3300
Directional Movement: 4.28
AROON (14): 35.71
DEMA (21): 2,735.26
Parabolic SAR (0,02-0,02-0,2): 2,743.59
Elder Ray (13): 1.22
Super Trend (3,10): 2,727.81
Zig ZAG (10): 2,738.31
VORTEX (21): 1.0100
Stochastique (14,3,5): 49.65
TEMA (21): 2,734.97
Williams %R (14): -31.57
Chande Momentum Oscillator (20): 6.09
Repulse (5,40,3): 0.2900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.34
MA7: 2,733.24
MA20: 2,680.24
MA50: 2,604.24
MA100: 2,496.04
MAexp7: 2,735.07
MAexp20: 2,734.57
MAexp50: 2,733.59
MAexp100: 2,729.89
Price / MA7: +0.22%
Price / MA20: +2.21%
Price / MA50: +5.19%
Price / MA100: +9.75%
Price / MAexp7: +0.16%
Price / MAexp20: +0.18%
Price / MAexp50: +0.21%
Price / MAexp100: +0.35%

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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