GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/23/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 2,618.19 USD

My targets

2,634.20 USD (+0.29%)

2,672.68 USD (+1.76%)

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 2,618.19 USD. The buyers' bullish objective is set at 2,634.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,672.68 USD. If there is any crossing, the next objective would be the resistance located at 2,692.38 USD.

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

4.8

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

Additional analysis

Quotes

GOLD - USD rating 2,626.56 USD. The price registered an increase of +0.12% on the session and was between 2,617.42 USD and 2,633.36 USD. This implies that the price is at +0.35% from its lowest and at -0.26% from its highest.

2,617.42

2,633.36

2,626.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This 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.

In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,583.24	2,600.26	2,618.19	2,626.56	2,634.20	2,672.68	2,692.38
Change (%)	-1.65%	-1.00%	-0.32%	-	+0.29%	+1.76%	+2.51%
Change	-43.32	-26.30	-8.37	-	+7.64	+46.12	+65.82
Level	Intermediate	Major	Minor	-	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	2,555.69	2,572.67	2,598.01	2,614.99	2,640.33	2,657.31	2,682.65
Camarilla	2,611.70	2,615.58	2,619.46	2,623.34	2,627.22	2,631.10	2,634.98
Woodie	2,559.86	2,574.76	2,602.18	2,617.08	2,644.50	2,659.40	2,686.82
Fibonacci	2,572.67	2,588.84	2,598.83	2,614.99	2,631.16	2,641.15	2,657.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,501.67	2,542.45	2,582.90	2,623.68	2,664.13	2,704.91	2,745.36
Camarilla	2,601.00	2,608.45	2,615.89	2,623.34	2,630.79	2,638.23	2,645.68
Woodie	2,501.50	2,542.37	2,582.73	2,623.60	2,663.96	2,704.83	2,745.19
Fibonacci	2,542.45	2,573.48	2,592.65	2,623.68	2,654.71	2,673.88	2,704.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,311.93	2,424.40	2,537.33	2,649.80	2,762.73	2,875.20	2,988.13
Camarilla	2,588.28	2,608.94	2,629.60	2,650.26	2,670.92	2,691.58	2,712.25
Woodie	2,312.16	2,424.52	2,537.56	2,649.92	2,762.96	2,875.32	2,988.36
Fibonacci	2,424.40	2,510.50	2,563.70	2,649.80	2,735.90	2,789.10	2,875.20

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):	58.83
MACD (12,26,9):	5.0300
Directional Movement:	10.65
AROON (14):	50.00
DEMA (21):	2,629.69
Parabolic SAR (0,02-0,02-0,2):	2,618.96
Elder Ray (13):	2.90
Super Trend (3,10):	2,614.04
Zig ZAG (10):	2,627.15
VORTEX (21):	1.1900
Stochastique (14,3,5):	74.36
TEMA (21):	2,632.50
Williams %R (14):	-36.83
Chande Momentum Oscillator (20):	4.56
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.45

MA7:	2,626.05
MA20:	2,645.08
MA50:	2,669.34
MA100:	2,609.99
MAexp7:	2,627.82
MAexp20:	2,623.00
MAexp50:	2,618.57
MAexp100:	2,624.73
Price / MA7:	+0.02%
Price / MA20:	-0.70%
Price / MA50:	-1.60%
Price / MA100:	+0.63%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.31%
Price / MAexp100:	+0.07%

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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