GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 11/07/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above

My targets

()

My analysis

The strong short-term increase in GOLD - USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above , you could consider taking advantage of the short-term movement. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . Caution, a return under could jeopardize the reversal.

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

2.7

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

GOLD - USD rating 2,697.60 USD. On the day, this instrument gained +1.26% with the lowest point at 2,643.45 USD and the highest point at 2,700.19 USD. The deviation from the price is +2.05% for the low point and -0.10% for the high point.

2,643.45

2,700.19

2,697.60

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GOLD - USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,608.46	2,652.44	2,671.31	2,697.60	2,730.94	2,749.88	2,770.96
Change (%)	-3.30%	-1.67%	-0.97%	-	+1.24%	+1.94%	+2.72%
Change	-89.14	-45.16	-26.29	-	+33.34	+52.28	+73.36
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	Minor

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	2,530.51	2,591.48	2,627.80	2,688.77	2,725.09	2,786.06	2,822.38
Camarilla	2,637.38	2,646.29	2,655.21	2,664.13	2,673.05	2,681.97	2,690.89
Woodie	2,518.20	2,585.32	2,615.49	2,682.61	2,712.78	2,779.90	2,810.07
Fibonacci	2,591.48	2,628.64	2,651.60	2,688.77	2,725.93	2,748.89	2,786.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,644.67	2,684.69	2,710.10	2,750.12	2,775.53	2,815.55	2,840.96
Camarilla	2,717.52	2,723.52	2,729.51	2,735.51	2,741.51	2,747.51	2,753.50
Woodie	2,637.37	2,681.04	2,702.80	2,746.47	2,768.23	2,811.90	2,833.66
Fibonacci	2,684.69	2,709.68	2,725.13	2,750.12	2,775.11	2,790.56	2,815.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,449.76	2,526.52	2,636.63	2,713.39	2,823.50	2,900.26	3,010.37
Camarilla	2,695.36	2,712.49	2,729.62	2,746.75	2,763.88	2,781.01	2,798.14
Woodie	2,466.45	2,534.86	2,653.32	2,721.73	2,840.19	2,908.60	3,027.06
Fibonacci	2,526.52	2,597.90	2,642.00	2,713.39	2,784.77	2,828.87	2,900.26

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):	62.45
MACD (12,26,9):	-1.4900
Directional Movement:	12.35
AROON (14):	100.00
DEMA (21):	2,668.44
Parabolic SAR (0,02-0,02-0,2):	2,655.68
Elder Ray (13):	20.47
Super Trend (3,10):	2,666.58
Zig ZAG (10):	2,696.53
VORTEX (21):	1.1700
Stochastique (14,3,5):	95.15
TEMA (21):	2,678.95
Williams %R (14):	-6.86
Chande Momentum Oscillator (20):	37.73
Repulse (5,40,3):	0.8500
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	1.49

MA7:	2,730.00
MA20:	2,717.92
MA50:	2,640.18
MA100:	2,528.87
MAexp7:	2,680.84
MAexp20:	2,674.27
MAexp50:	2,690.02
MAexp100:	2,709.47
Price / MA7:	-1.19%
Price / MA20:	-0.75%
Price / MA50:	+2.17%
Price / MA100:	+6.67%
Price / MAexp7:	+0.63%
Price / MAexp20:	+0.87%
Price / MAexp50:	+0.28%
Price / MAexp100:	-0.44%

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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