XAUUSD Gold Technical Overview H4 Chart
Time: Pre Asia
H4 Chart Overview is updated prior to London and New York Opening.
This is just a technical summary of the said pair/instrument on the mentioned chart timeframe.
Please note that the fundamentals and Economic Calendar Data Flow may have a strong impact.
Current Value: 1398.89
RSI(14) 69.824 Bullish
STOCH(9,6) 72.904 Bullish
STOCHRSI(14) 50.408 Neutral
MACD(12,26) 15.530 Bullish
ADX(14) 54.050 Bullish
Williams %R -16.786 Overbought
CCI(14) 88.4942 Bullish
ATR(14) 12.9143 High Volatility
Highs/Lows(14) 16.0392 Bullish
Ultimate Oscillator 56.371 Bullish
ROC 4.033 Bullish
Bull/Bear Power(13) 31.4900 Bullish
Buy: 9 Sell: 0 Neutral: 1
Summary: STRONGLY BULLISH
SMA12: 1390 / Bullish
SMA 20: 1374 / Bullish
EMA 50: 1358 / Bullish
SMA 100: 1337 / Bullish
SMA 200: 1312 / Bullish
The first Moving Average Resistance:
The first Moving Average Support: 1390 SMA 12 1375 SMA50
Summary: Price is above all main Moving Averages. Strong Bullish. Potential pullbacks towards 1375 SMA 50 can be used as a buying opportunity.
Bollinger Bands Readings
Bollinger Bandwidth(20): 90.66
Bollinger Bands %b(20:2): 55.2869
Summary: Gold is trading in the upper channel of BB. Bullish. Bandwidth does not send a clear reversal/retracement signal. Next two H4 Candles may give us a better view.
Senkou Span A: 1342
Senkou Span B: 1339
Tenkan-sen Kijun-sen: Bullish
Ichimoku Summary: Tenkan-sen support 1395.71. Break below may send the price 1390 and 1382.
Support / Pivot / Resistance
S1 S2 S3 P R1 R2 R3
Classic 1383.09 1387.97 1393.89 1398.77 1404.69 1409.57 1415.49
Fibonacci 1387.97 1392.10 1394.64 1398.77 1402.90 1405.44 1409.57
Camarilla 1396.83 1397.82 1398.81 1398.77 1400.79 1401.78 1402.77
Woodie’s 1383.61 1388.23 1394.41 1399.03 1405.21 1409.83 1416.01
Murrey Math Calculations ( Support / Pivot / Resistance ):
Upside Levels: 1406.25 MM 6/8 Major Pivot Reverse 1421.88 MM 7/8 Weak Stall Reverse 1437.50 MM 8/8 Ultimate Resistance
Downside Levels: 1390.63 MM 5/8 Hourly Support 1375.65 MM 4/8 Major Support
Summary: Potential price movements towards 1421-1430 can be used as a selling opportunity. Potential pullbacks towards 1375 SMA 50 can be used as a buying opportunity. H4 Closing below 1375 could send the price 1359.
Divergence ( Regular / Hidden)
CCI: Bearish Divergence / Confirmed – Signal 2 candle before –
Candle Patterns ( Confirmed Only )
Breakout and Harmonic Patterns
Symmetrical Triangle H1 Chart / Emerging Not Validated Yet
Double Top M30 Chart / Emerging Not Validated Yet
Bearish Butterfly Pattern D1 Chart / Pending Entry Starts @ 1420
Inverse Head and Shoulders M30 / Emerging Not Validated Yet
Technical Summary H4 Chart:
Bullish Scenario: XAUUSD may retest latest high @ 1412. If it breaks above 1412, it is likely to test 1421 resistance which is the area of the entry of the Bearish Butterfly on the Daily Chart. This level can be used as a selling opportunity.
Bearish Scenario: If Gold breaks below 1394, it is likely to test 1390 and 1386. Firm closings below 1389 could send the pair 1375 which can be used as a buying opportunity.
We have different emerging patterns on smaller chart timeframes.
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The technical summary will be updated prior to the London Session.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
XAUUSD Gold: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility