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 05/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

28%

44%

My opinion

Bearish under 2,425.11 USD

My targets

2,406.65 USD (-0.44%)

2,390.13 USD (-1.12%)

My analysis

The strong short-term decrease of GOLD - USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 2,425.11 USD, a sale could be considered. The first bearish objective is located at 2,406.65 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2,390.13 USD. If there is any crossing, the next objective would be support 2,374.05 USD. Caution, if there is a return to above 2,425.11 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

1.4

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,417.32 USD. The price registered a decrease of -0.19% on the session with the lowest point at 2,411.62 USD and the highest point at 2,426.61 USD. The deviation from the price is +0.24% for the low point and -0.38% for the high point.

2,411.62

2,426.61

2,417.32

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

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GOLD - USD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,374.05	2,390.13	2,406.65	2,417.32	2,425.11	2,450.09
Change (%)	-1.79%	-1.12%	-0.44%	-	+0.32%	+1.36%
Change	-43.27	-27.19	-10.67	-	+7.79	+32.77
Level	Minor	Intermediate	Major	-	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,379.73	2,393.01	2,407.41	2,420.69	2,435.09	2,448.37	2,462.77
Camarilla	2,414.20	2,416.74	2,419.27	2,421.81	2,424.35	2,426.89	2,429.42
Woodie	2,380.29	2,393.29	2,407.97	2,420.97	2,435.65	2,448.65	2,463.33
Fibonacci	2,393.01	2,403.58	2,410.12	2,420.69	2,431.26	2,437.80	2,448.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,267.63	2,299.93	2,358.18	2,390.48	2,448.73	2,481.03	2,539.28
Camarilla	2,391.52	2,399.82	2,408.12	2,416.42	2,424.72	2,433.02	2,441.32
Woodie	2,280.60	2,306.42	2,371.15	2,396.97	2,461.70	2,487.52	2,552.25
Fibonacci	2,299.93	2,334.52	2,355.89	2,390.48	2,425.07	2,446.44	2,481.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	45.63
MACD (12,26,9):	-1.5100
Directional Movement:	-5.90
AROON (14):	-21.42
DEMA (21):	2,417.65
Parabolic SAR (0,02-0,02-0,2):	2,424.84
Elder Ray (13):	-3.01
Super Trend (3,10):	2,430.59
Zig ZAG (10):	2,416.78
VORTEX (21):	0.9700
Stochastique (14,3,5):	36.67
TEMA (21):	2,415.90
Williams %R (14):	-64.58
Chande Momentum Oscillator (20):	-6.35
Repulse (5,40,3):	0.1300
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.51

MA7:	2,401.15
MA20:	2,351.32
MA50:	2,304.74
MA100:	2,175.90
MAexp7:	2,417.53
MAexp20:	2,419.45
MAexp50:	2,418.47
MAexp100:	2,408.03
Price / MA7:	+0.67%
Price / MA20:	+2.81%
Price / MA50:	+4.88%
Price / MA100:	+11.10%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.05%
Price / MAexp100:	+0.39%

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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