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 04/01/2025 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 3,099.86 USD

My targets

3,143.00 USD (+0.50%)

3,199.10 USD (+2.30%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are above the support located at 3,099.86 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3,143.00 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3,199.10 USD as an objective. If the support 3,099.86 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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 abdul2089. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 3,127.23 USD. The price has increased by +0.21% since the last closing with the lowest point at 3,120.29 USD and the highest point at 3,149.04 USD. The deviation from the price is +0.22% for the low point and -0.69% for the high point.

3,120.29

3,149.04

3,127.23

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1 (Daily)

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 1 (Weekly)

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1 (Monthly)

Type : Neutral

Timeframe : 1 hour

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	3,032.80	3,057.56	3,099.86	3,127.23	3,127.55
Change (%)	-3.02%	-2.23%	-0.88%	-	+0.01%
Change	-94.43	-69.67	-27.37	-	+0.32
Level	Minor	Minor	Minor	-	Intermediate

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	3,037.93	3,057.42	3,089.06	3,108.55	3,140.19	3,159.68	3,191.32
Camarilla	3,106.63	3,111.32	3,116.00	3,120.69	3,125.38	3,130.06	3,134.75
Woodie	3,044.00	3,060.46	3,095.13	3,111.59	3,146.26	3,162.72	3,197.39
Fibonacci	3,057.42	3,076.96	3,089.02	3,108.55	3,128.09	3,140.15	3,159.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,945.84	2,974.16	3,030.26	3,058.58	3,114.68	3,143.00	3,199.10
Camarilla	3,063.15	3,070.88	3,078.62	3,086.36	3,094.10	3,101.84	3,109.58
Woodie	2,959.73	2,981.11	3,044.15	3,065.53	3,128.57	3,149.95	3,212.99
Fibonacci	2,974.16	3,006.41	3,026.33	3,058.58	3,090.83	3,110.75	3,143.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,671.29	2,764.12	2,942.40	3,035.23	3,213.51	3,306.34	3,484.62
Camarilla	3,046.14	3,070.99	3,095.84	3,120.69	3,145.54	3,170.39	3,195.25
Woodie	2,714.03	2,785.48	2,985.14	3,056.59	3,256.25	3,327.70	3,527.36
Fibonacci	2,764.12	2,867.68	2,931.66	3,035.23	3,138.79	3,202.77	3,306.34

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):	54.43
MACD (12,26,9):	5.0500
Directional Movement:	3.59
AROON (14):	35.71
DEMA (21):	3,137.44
Parabolic SAR (0,02-0,02-0,2):	3,145.76
Elder Ray (13):	0.83
Super Trend (3,10):	3,122.41
Zig ZAG (10):	3,127.10
VORTEX (21):	1.0600
Stochastique (14,3,5):	33.29
TEMA (21):	3,132.74
Williams %R (14):	-94.05
Chande Momentum Oscillator (20):	-19.10
Repulse (5,40,3):	-0.2800
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.23

MA7:	3,063.30
MA20:	3,002.29
MA50:	2,918.87
MA100:	2,782.63
MAexp7:	3,131.54
MAexp20:	3,129.70
MAexp50:	3,113.73
MAexp100:	3,090.60
Price / MA7:	+2.09%
Price / MA20:	+4.16%
Price / MA50:	+7.14%
Price / MA100:	+12.38%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.43%
Price / MAexp100:	+1.18%

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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