GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 05/16/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 1,865.87 USD

My targets

1,792.13 USD (-1.21%)

1,728.68 USD (-4.71%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 1,865.87 USD. The sellers' bearish objective is set at 1,792.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,728.68 USD. In case of crossing, the next objective would be the support located at 1,684.74 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.9

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 1,814.12 USD. The price registered an increase of +0.13% on the session and was between 1,786.88 USD and 1,817.71 USD. This implies that the price is at +1.52% from its lowest and at -0.20% from its highest.

1,786.88

1,817.71

1,814.12

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,684.74	1,728.68	1,792.13	1,814.12	1,865.87	1,909.31	1,977.29
Change (%)	-7.13%	-4.71%	-1.21%	-	+2.85%	+5.25%	+8.99%
Change	-129.38	-85.44	-21.99	-	+51.75	+95.19	+163.17
Level	Major	Minor	Major	-	Intermediate	Major	Minor

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	1,767.94	1,783.53	1,797.69	1,813.28	1,827.44	1,843.03	1,857.19
Camarilla	1,803.67	1,806.40	1,809.12	1,811.85	1,814.58	1,817.30	1,820.03
Woodie	1,767.23	1,783.17	1,796.98	1,812.92	1,826.73	1,842.67	1,856.48
Fibonacci	1,783.53	1,794.90	1,801.92	1,813.28	1,824.65	1,831.67	1,843.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,692.01	1,745.56	1,778.71	1,832.26	1,865.41	1,918.96	1,952.11
Camarilla	1,788.01	1,795.96	1,803.90	1,811.85	1,819.80	1,827.75	1,835.69
Woodie	1,681.80	1,740.46	1,768.50	1,827.16	1,855.20	1,913.86	1,941.90
Fibonacci	1,745.56	1,778.68	1,799.14	1,832.26	1,865.38	1,885.84	1,918.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,720.25	1,796.21	1,846.53	1,922.49	1,972.81	2,048.77	2,099.09
Camarilla	1,862.13	1,873.71	1,885.28	1,896.86	1,908.44	1,920.01	1,931.59
Woodie	1,707.44	1,789.80	1,833.72	1,916.08	1,960.00	2,042.36	2,086.28
Fibonacci	1,796.21	1,844.45	1,874.25	1,922.49	1,970.73	2,000.53	2,048.77

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	32.97
MACD (12,26,9):	-29.2500
Directional Movement:	-18.97
AROON (14):	-78.57
DEMA (21):	1,837.92
Parabolic SAR (0,02-0,02-0,2):	1,858.82
Elder Ray (13):	-53.38
Super Trend (3,10):	1,895.91
Zig ZAG (10):	1,813.69
VORTEX (21):	0.7300
Stochastique (14,3,5):	12.90
TEMA (21):	1,815.02
Williams %R (14):	-80.73
Chande Momentum Oscillator (20):	-83.22
Repulse (5,40,3):	-0.8100
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	8.90

MA7:	1,839.05
MA20:	1,882.26
MA50:	1,923.65
MA100:	1,883.80
MAexp7:	1,835.64
MAexp20:	1,872.20
MAexp50:	1,894.90
MAexp100:	1,883.87
Price / MA7:	-1.36%
Price / MA20:	-3.62%
Price / MA50:	-5.69%
Price / MA100:	-3.70%
Price / MAexp7:	-1.17%
Price / MAexp20:	-3.10%
Price / MAexp50:	-4.26%
Price / MAexp100:	-3.70%

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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