GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/27/2024 (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

22%

17%

61%

My opinion

Bullish above 2,621.70 USD

My targets

2,642.46 USD (+0.37%)

2,651.69 USD (+0.72%)

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 2,621.70 USD. The next resistance located at 2,642.46 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 2,651.69 USD. After this resistance, buyers could then target 2,658.70 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 are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.3

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

Additional analysis

Quotes

GOLD - USD rating 2,632.81 USD. On the day, this instrument lost -0.01% with the lowest point at 2,628.89 USD and the highest point at 2,635.53 USD. The deviation from the price is +0.15% for the low point and -0.10% for the high point.

2,628.89

2,635.53

2,632.81

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 11 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

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

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,583.24	2,608.13	2,621.70	2,632.81	2,634.45	2,642.46	2,651.69
Change (%)	-1.88%	-0.94%	-0.42%	-	+0.06%	+0.37%	+0.72%
Change	-49.57	-24.68	-11.11	-	+1.64	+9.65	+18.88
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	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	2,622.65	2,625.77	2,629.29	2,632.41	2,635.93	2,639.05	2,642.57
Camarilla	2,630.98	2,631.59	2,632.20	2,632.81	2,633.42	2,634.03	2,634.64
Woodie	2,622.85	2,625.87	2,629.49	2,632.51	2,636.13	2,639.15	2,642.77
Fibonacci	2,625.77	2,628.31	2,629.87	2,632.41	2,634.95	2,636.51	2,639.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,583.26	2,595.72	2,614.26	2,626.72	2,645.26	2,657.72	2,676.26
Camarilla	2,624.29	2,627.13	2,629.97	2,632.81	2,635.65	2,638.49	2,641.34
Woodie	2,586.31	2,597.24	2,617.31	2,628.24	2,648.31	2,659.24	2,679.31
Fibonacci	2,595.72	2,607.56	2,614.88	2,626.72	2,638.56	2,645.88	2,657.72

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):	56.78
MACD (12,26,9):	2.5300
Directional Movement:	-0.11
AROON (14):	7.14
DEMA (21):	2,634.74
Parabolic SAR (0,02-0,02-0,2):	2,628.89
Elder Ray (13):	0.67
Super Trend (3,10):	2,622.11
Zig ZAG (10):	2,632.41
VORTEX (21):	1.0900
Stochastique (14,3,5):	59.74
TEMA (21):	2,634.60
Williams %R (14):	-59.88
Chande Momentum Oscillator (20):	0.77
Repulse (5,40,3):	0.0100
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.34

MA7:	2,618.99
MA20:	2,641.64
MA50:	2,664.14
MA100:	2,618.64
MAexp7:	2,632.81
MAexp20:	2,631.06
MAexp50:	2,626.33
MAexp100:	2,625.12
Price / MA7:	+0.53%
Price / MA20:	-0.33%
Price / MA50:	-1.18%
Price / MA100:	+0.54%
Price / MAexp7:	-0%
Price / MAexp20:	+0.07%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.29%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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