GOLD - USD - 1H - Technical analysis published on 01/20/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 2,698.05 USD
My targets
2,718.86 USD (+0.37%)
2,785.43 USD (+2.83%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,698.05 USD. The buyers' bullish objective is set at 2,718.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,785.43 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
5.9
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This analysis was given by Noreir. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 2,708.84 USD. The price has increased by +0.33% since the last closing and was traded between 2,689.39 USD and 2,713.85 USD over the period. The price is currently at +0.72% from its lowest and -0.18% from its highest.2,689.39
2,713.85
2,708.84
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,656.83 | 2,672.68 | 2,698.05 | 2,708.84 | 2,709.90 | 2,718.86 | 2,785.43 |
Change (%) | -1.92% | -1.33% | -0.40% | - | +0.04% | +0.37% | +2.83% |
Change | -52.01 | -36.16 | -10.79 | - | +1.06 | +10.02 | +76.59 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 2,675.13 | 2,687.10 | 2,693.52 | 2,705.49 | 2,711.91 | 2,723.88 | 2,730.30 |
Camarilla | 2,694.87 | 2,696.56 | 2,698.24 | 2,699.93 | 2,701.62 | 2,703.30 | 2,704.99 |
Woodie | 2,672.35 | 2,685.71 | 2,690.74 | 2,704.10 | 2,709.13 | 2,722.49 | 2,727.52 |
Fibonacci | 2,687.10 | 2,694.13 | 2,698.47 | 2,705.49 | 2,712.52 | 2,716.86 | 2,723.88 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,595.02 | 2,625.92 | 2,662.93 | 2,693.83 | 2,730.84 | 2,761.74 | 2,798.75 |
Camarilla | 2,681.26 | 2,687.48 | 2,693.71 | 2,699.93 | 2,706.16 | 2,712.38 | 2,718.61 |
Woodie | 2,598.07 | 2,627.45 | 2,665.98 | 2,695.36 | 2,733.89 | 2,763.27 | 2,801.80 |
Fibonacci | 2,625.92 | 2,651.87 | 2,667.89 | 2,693.83 | 2,719.78 | 2,735.80 | 2,761.74 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,419.40 | 2,501.32 | 2,562.46 | 2,644.38 | 2,705.52 | 2,787.44 | 2,848.58 |
Camarilla | 2,584.26 | 2,597.37 | 2,610.49 | 2,623.60 | 2,636.71 | 2,649.83 | 2,662.94 |
Woodie | 2,409.01 | 2,496.13 | 2,552.07 | 2,639.19 | 2,695.13 | 2,782.25 | 2,838.19 |
Fibonacci | 2,501.32 | 2,555.97 | 2,589.73 | 2,644.38 | 2,699.03 | 2,732.79 | 2,787.44 |
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): | 53.27 | |
MACD (12,26,9): | 0.1600 | |
Directional Movement: | 3.40 | |
AROON (14): | 35.71 | |
DEMA (21): | 2,705.93 | |
Parabolic SAR (0,02-0,02-0,2): | 2,697.71 | |
Elder Ray (13): | 1.83 | |
Super Trend (3,10): | 2,693.31 | |
Zig ZAG (10): | 2,708.67 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 78.24 | |
TEMA (21): | 2,706.14 | |
Williams %R (14): | -20.16 | |
Chande Momentum Oscillator (20): | 14.25 | |
Repulse (5,40,3): | 0.0900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.34 |
MA7: | 2,692.99 | |
MA20: | 2,655.20 | |
MA50: | 2,645.20 | |
MA100: | 2,642.79 | |
MAexp7: | 2,707.27 | |
MAexp20: | 2,706.08 | |
MAexp50: | 2,704.70 | |
MAexp100: | 2,697.72 | |
Price / MA7: | +0.59% | |
Price / MA20: | +2.02% | |
Price / MA50: | +2.41% | |
Price / MA100: | +2.50% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | +0.15% | |
Price / MAexp100: | +0.41% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
XAU/USD Weekly Forecast, Technical Analysis (Jan 20 - 24): Gold Has a Slightly Positive Week
-
XAU/USD Price Forecast Today, Technical Analysis (January 17): Gold Has a Slightly Negative Start
-
How The Gold Boom Is Fueling A Rise In Illegal Gold Mining In Africa
-
XAU/USD Price Forecast Today, Technical Analysis (January 16): Gold Stretches to the Upside
-
XAU/USD Price Forecast Today, Technical Analysis (January 15): Gold Has a Slightly Positive Morning
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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