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 11/27/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 2,619.61 USD

My targets

2,672.68 USD (+0.94%)

2,688.78 USD (+1.55%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GOLD - USD as long as the price remains well above 2,619.61 USD. The buyers' bullish objective is set at 2,672.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,688.78 USD. If there is any crossing, the next objective would be the resistance located at 2,721.33 USD.

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

4.6

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

Additional analysis

Quotes

The GOLD - USD price is 2,647.70 USD. The price has increased by +0.59% since the last closing and was traded between 2,627.09 USD and 2,649.41 USD over the period. The price is currently at +0.78% from its lowest and -0.06% from its highest.

2,627.09

2,649.41

2,647.70

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,605.27	2,619.61	2,641.34	2,647.70	2,672.68	2,688.78	2,721.33
Change (%)	-1.60%	-1.06%	-0.24%	-	+0.94%	+1.55%	+2.78%
Change	-42.43	-28.09	-6.36	-	+24.98	+41.08	+73.63
Level	Intermediate	Major	Major	-	Intermediate	Minor	Intermediate

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	2,580.08	2,594.41	2,613.35	2,627.68	2,646.62	2,660.95	2,679.89
Camarilla	2,623.15	2,626.20	2,629.25	2,632.30	2,635.35	2,638.40	2,641.45
Woodie	2,582.40	2,595.56	2,615.67	2,628.83	2,648.94	2,662.10	2,682.21
Fibonacci	2,594.41	2,607.12	2,614.97	2,627.68	2,640.39	2,648.24	2,660.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,459.22	2,510.78	2,613.30	2,664.86	2,767.38	2,818.94	2,921.46
Camarilla	2,673.45	2,687.57	2,701.70	2,715.82	2,729.94	2,744.07	2,758.19
Woodie	2,484.70	2,523.52	2,638.78	2,677.60	2,792.86	2,831.68	2,946.94
Fibonacci	2,510.78	2,569.64	2,606.00	2,664.86	2,723.72	2,760.08	2,818.94

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):	62.20
MACD (12,26,9):	3.0000
Directional Movement:	9.99
AROON (14):	100.00
DEMA (21):	2,638.87
Parabolic SAR (0,02-0,02-0,2):	2,627.10
Elder Ray (13):	8.55
Super Trend (3,10):	2,628.87
Zig ZAG (10):	2,646.35
VORTEX (21):	1.1300
Stochastique (14,3,5):	93.88
TEMA (21):	2,646.36
Williams %R (14):	-11.31
Chande Momentum Oscillator (20):	14.58
Repulse (5,40,3):	0.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.08

MA7:	2,651.63
MA20:	2,655.88
MA50:	2,668.13
MA100:	2,568.85
MAexp7:	2,642.54
MAexp20:	2,636.69
MAexp50:	2,640.67
MAexp100:	2,644.64
Price / MA7:	-0.15%
Price / MA20:	-0.31%
Price / MA50:	-0.77%
Price / MA100:	+3.07%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.42%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.12%

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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