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 12/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 2,616.84 USD

My targets

2,634.45 USD (+0.30%)

2,648.99 USD (+0.85%)

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 2,616.84 USD. The next resistance located at 2,634.45 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 2,648.99 USD. After this resistance, buyers could then target 2,664.47 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

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

The GOLD - USD rating is 2,626.60 USD. The price has increased by +0.30% since the last closing and was between 2,618.78 USD and 2,627.96 USD. This implies that the price is at +0.30% from its lowest and at -0.05% from its highest.

2,618.78

2,627.96

2,626.60

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

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. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

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. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,583.24	2,608.28	2,616.84	2,626.60	2,634.45	2,648.99	2,664.47
Change (%)	-1.65%	-0.70%	-0.37%	-	+0.30%	+0.85%	+1.44%
Change	-43.36	-18.32	-9.76	-	+7.85	+22.39	+37.87
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Minor

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	2,611.75	2,615.27	2,620.93	2,624.45	2,630.11	2,633.63	2,639.29
Camarilla	2,624.08	2,624.92	2,625.76	2,626.60	2,627.44	2,628.28	2,629.13
Woodie	2,612.83	2,615.81	2,622.01	2,624.99	2,631.19	2,634.17	2,640.37
Fibonacci	2,615.27	2,618.77	2,620.94	2,624.45	2,627.95	2,630.12	2,633.63

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	71.04
MACD (12,26,9):	1.2900
Directional Movement:	24.95
AROON (14):	78.57
DEMA (21):	2,619.01
Parabolic SAR (0,02-0,02-0,2):	2,612.32
Elder Ray (13):	5.85
Super Trend (3,10):	2,614.12
Zig ZAG (10):	2,627.05
VORTEX (21):	1.0400
Stochastique (14,3,5):	89.95
TEMA (21):	2,620.44
Williams %R (14):	-2.18
Chande Momentum Oscillator (20):	16.64
Repulse (5,40,3):	0.4200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.37

MA7:	2,611.89
MA20:	2,642.20
MA50:	2,665.78
MA100:	2,616.56
MAexp7:	2,620.36
MAexp20:	2,617.78
MAexp50:	2,617.05
MAexp100:	2,620.74
Price / MA7:	+0.56%
Price / MA20:	-0.59%
Price / MA50:	-1.47%
Price / MA100:	+0.38%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.22%

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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