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GOLD FULL0625
GOLD FULL0625
- USD (-)
- 10 min delayed data - COMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: GCXXXX
ISIN: GCXXXX

GOLD FULL0625 - 1H - Technical analysis published on 05/20/2024 (GMT)

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  • 05/20/2024 - 03:29
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 05/20/2024 - 03:29
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2,413.8 USD
My targets
2,450.7 USD (+0.60%)
2,483.9 USD (+1.97%)
My analysis
The bullish trend is currently very strong on GOLD FULL0624. As long as the price remains above the support at 2,413.8 USD, you could try to benefit from the boom. The first bullish objective is located at 2,450.7 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,483.9 USD as an objective. Crossing it would then enable buyers to target 2,540.5 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

Barts_XV
This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD FULL0624 rating 2,436.0 USD. On the day, this instrument gained +0.77% and was between 2,421.0 USD and 2,445.0 USD. This implies that the price is at +0.62% from its lowest and at -0.37% from its highest.

2,421.0
2,445.0
2,436.0

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.007.51522.530January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD FULL0624 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,377.8 2,402.7 2,413.8 2,436.0
Change (%) -2.39% -1.37% -0.91% -
Change -58.2 -33.3 -22.2 -
Level Intermediate Minor Minor -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,338.12,357.92,387.72,407.52,437.32,457.12,486.9
Camarilla2,403.82,408.32,412.92,417.42,422.02,426.52,431.0
Woodie2,343.02,360.42,392.62,410.02,442.22,459.62,491.8
Fibonacci2,357.92,376.92,388.62,407.52,426.52,438.22,457.1


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,271.12,304.32,360.92,394.12,450.72,483.92,540.5
Camarilla2,392.72,400.92,409.22,417.42,425.62,433.92,442.1
Woodie2,282.72,310.22,372.52,400.02,462.32,489.82,552.1
Fibonacci2,304.32,338.62,359.82,394.12,428.42,449.62,483.9


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,054.12,160.62,235.82,342.32,417.52,524.02,599.2
Camarilla2,261.02,277.72,294.32,311.02,327.72,344.32,361.0
Woodie2,038.52,152.82,220.22,334.52,401.92,516.22,583.6
Fibonacci2,160.62,230.02,272.92,342.32,411.72,454.62,524.0

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
Created with Raphaël 2.3.0Buy14
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 80.00
MACD (12,26,9): 12.5000
Directional Movement: 34.2
AROON (14): 85.7
DEMA (21): 2,432.4
Parabolic SAR (0,02-0,02-0,2): 2,425.8
Elder Ray (13): 14.3
Super Trend (3,10): 2,414.2
Zig ZAG (10): 2,438.1
VORTEX (21): 1.3000
Stochastique (14,3,5): 86.80
TEMA (21): 2,438.8
Williams %R (14): -16.30
Chande Momentum Oscillator (20): 19.3
Repulse (5,40,3): 0.2000
ROCnROLL: 1
TRIX (15,9): 0.1000
Courbe Coppock: 2.90
MA7: 2,387.5
MA20: 2,349.6
MA50: 2,308.0
MA100: 2,193.9
MAexp7: 2,431.0
MAexp20: 2,417.0
MAexp50: 2,400.8
MAexp100: 2,385.9
Price / MA7: +2.03%
Price / MA20: +3.68%
Price / MA50: +5.55%
Price / MA100: +11.04%
Price / MAexp7: +0.21%
Price / MAexp20: +0.79%
Price / MAexp50: +1.47%
Price / MAexp100: +2.10%

Quotes : 05/20/2024 - 03:19 - 10 min delayed data - COMEX Futures

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

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Londinia
Londinia AI

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