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 11/21/2024 (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

56%

11%

33%

My opinion

Bullish above 2,655.48 USD

My targets

2,721.33 USD (+1.91%)

2,785.43 USD (+4.31%)

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 2,655.48 USD. The buyers' bullish objective is set at 2,721.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,785.43 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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

Additional analysis

Quotes

The GOLD - USD rating is 2,670.31 USD. The price registered an increase of +0.68% on the session and was traded between 2,650.46 USD and 2,673.56 USD over the period. The price is currently at +0.75% from its lowest and -0.12% from its highest.

2,650.46

2,673.56

2,670.31

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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

Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 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:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,608.46	2,619.17	2,655.48	2,670.31	2,672.68	2,721.33	2,785.43
Change (%)	-2.32%	-1.92%	-0.56%	-	+0.09%	+1.91%	+4.31%
Change	-61.85	-51.14	-14.83	-	+2.37	+51.02	+115.12
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Major

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	2,592.40	2,605.66	2,628.96	2,642.22	2,665.52	2,678.78	2,702.08
Camarilla	2,642.21	2,645.56	2,648.91	2,652.26	2,655.61	2,658.96	2,662.31
Woodie	2,597.42	2,608.17	2,633.98	2,644.73	2,670.54	2,681.29	2,707.10
Fibonacci	2,605.66	2,619.63	2,628.25	2,642.22	2,656.19	2,664.81	2,678.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,352.56	2,444.71	2,503.19	2,595.34	2,653.82	2,745.97	2,804.45
Camarilla	2,520.24	2,534.05	2,547.85	2,561.66	2,575.47	2,589.28	2,603.08
Woodie	2,335.72	2,436.29	2,486.35	2,586.92	2,636.98	2,737.55	2,787.61
Fibonacci	2,444.71	2,502.25	2,537.80	2,595.34	2,652.88	2,688.43	2,745.97

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):	64.88
MACD (12,26,9):	7.2100
Directional Movement:	16.25
AROON (14):	57.14
DEMA (21):	2,669.02
Parabolic SAR (0,02-0,02-0,2):	2,673.04
Elder Ray (13):	5.22
Super Trend (3,10):	2,653.95
Zig ZAG (10):	2,666.15
VORTEX (21):	1.1300
Stochastique (14,3,5):	65.52
TEMA (21):	2,670.32
Williams %R (14):	-28.75
Chande Momentum Oscillator (20):	12.91
Repulse (5,40,3):	-0.0400
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.06

MA7:	2,609.58
MA20:	2,678.25
MA50:	2,661.90
MA100:	2,557.68
MAexp7:	2,666.06
MAexp20:	2,659.48
MAexp50:	2,645.39
MAexp100:	2,631.07
Price / MA7:	+2.33%
Price / MA20:	-0.30%
Price / MA50:	+0.32%
Price / MA100:	+4.40%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.41%
Price / MAexp50:	+0.94%
Price / MAexp100:	+1.49%

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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