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 11/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2,632.26 USD

My targets

2,672.68 USD (+0.36%)

2,688.78 USD (+0.97%)

My analysis

GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,632.26 USD. The next resistance located at 2,672.68 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,688.78 USD. After this resistance, buyers could then target 2,721.34 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 price is 2,663.07 USD. On the day, this instrument gained +0.92% with the lowest point at 2,634.07 USD and the highest point at 2,666.40 USD. The deviation from the price is +1.10% for the low point and -0.12% for the high point.

2,634.07

2,666.40

2,663.07

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

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	2,621.00	2,632.26	2,658.29	2,663.07	2,672.68	2,688.78	2,721.34
Change (%)	-1.58%	-1.16%	-0.18%	-	+0.36%	+0.97%	+2.19%
Change	-42.07	-30.81	-4.78	-	+9.61	+25.71	+58.27
Level	Intermediate	Minor	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	2,594.53	2,607.75	2,623.28	2,636.50	2,652.03	2,665.25	2,680.78
Camarilla	2,630.90	2,633.54	2,636.18	2,638.81	2,641.45	2,644.08	2,646.72
Woodie	2,595.69	2,608.33	2,624.44	2,637.08	2,653.19	2,665.83	2,681.94
Fibonacci	2,607.75	2,618.73	2,625.52	2,636.50	2,647.48	2,654.27	2,665.25

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):	61.82
MACD (12,26,9):	5.5700
Directional Movement:	11.05
AROON (14):	35.71
DEMA (21):	2,657.64
Parabolic SAR (0,02-0,02-0,2):	2,641.96
Elder Ray (13):	4.78
Super Trend (3,10):	2,646.60
Zig ZAG (10):	2,658.19
VORTEX (21):	1.1000
Stochastique (14,3,5):	77.02
TEMA (21):	2,661.69
Williams %R (14):	-20.45
Chande Momentum Oscillator (20):	22.80
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.43

MA7:	2,652.07
MA20:	2,646.17
MA50:	2,669.69
MA100:	2,573.43
MAexp7:	2,658.45
MAexp20:	2,651.04
MAexp50:	2,645.70
MAexp100:	2,644.50
Price / MA7:	+0.41%
Price / MA20:	+0.64%
Price / MA50:	-0.25%
Price / MA100:	+3.48%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.66%
Price / MAexp100:	+0.70%

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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