GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 06/24/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 1,866.99 USD

My targets

1,811.85 USD (-0.81%)

1,769.71 USD (-3.12%)

My analysis

The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,866.99 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,811.85 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,769.71 USD as an objective. Crossing it would then enable sellers to target 1,728.89 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, 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

6.1

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 Gstar99. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 1,826.65 USD. The price has increased by +0.11% since the last closing with the lowest point at 1,816.97 USD and the highest point at 1,831.85 USD. The deviation from the price is +0.53% for the low point and -0.28% for the high point.

1,816.97

1,831.85

1,826.65

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish 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 slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,728.89	1,769.71	1,811.85	1,826.65	1,866.99	1,909.31	1,977.29
Change (%)	-5.35%	-3.12%	-0.81%	-	+2.21%	+4.53%	+8.25%
Change	-97.76	-56.94	-14.80	-	+40.34	+82.66	+150.64
Level	Minor	Intermediate	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	1,791.23	1,806.51	1,815.56	1,830.84	1,839.89	1,855.17	1,864.22
Camarilla	1,817.91	1,820.14	1,822.37	1,824.60	1,826.83	1,829.06	1,831.29
Woodie	1,788.11	1,804.95	1,812.44	1,829.28	1,836.77	1,853.61	1,861.10
Fibonacci	1,806.51	1,815.81	1,821.55	1,830.84	1,840.14	1,845.88	1,855.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,729.18	1,767.14	1,803.26	1,841.22	1,877.34	1,915.30	1,951.42
Camarilla	1,819.01	1,825.80	1,832.59	1,839.38	1,846.17	1,852.96	1,859.75
Woodie	1,728.26	1,766.68	1,802.34	1,840.76	1,876.42	1,914.84	1,950.50
Fibonacci	1,767.14	1,795.44	1,812.92	1,841.22	1,869.52	1,887.00	1,915.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,656.03	1,721.45	1,778.96	1,844.38	1,901.89	1,967.31	2,024.82
Camarilla	1,802.65	1,813.92	1,825.19	1,836.46	1,847.73	1,859.00	1,870.27
Woodie	1,652.07	1,719.47	1,775.00	1,842.40	1,897.93	1,965.33	2,020.86
Fibonacci	1,721.45	1,768.41	1,797.42	1,844.38	1,891.34	1,920.35	1,967.31

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):	44.65
MACD (12,26,9):	-8.3600
Directional Movement:	-1.03
AROON (14):	-7.15
DEMA (21):	1,828.75
Parabolic SAR (0,02-0,02-0,2):	1,860.77
Elder Ray (13):	-12.00
Super Trend (3,10):	1,899.14
Zig ZAG (10):	1,827.40
VORTEX (21):	0.9500
Stochastique (14,3,5):	32.93
TEMA (21):	1,831.07
Williams %R (14):	-70.72
Chande Momentum Oscillator (20):	-25.79
Repulse (5,40,3):	-0.5300
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	1.92

MA7:	1,835.54
MA20:	1,841.81
MA50:	1,861.49
MA100:	1,891.97
MAexp7:	1,832.40
MAexp20:	1,840.39
MAexp50:	1,858.21
MAexp100:	1,864.96
Price / MA7:	-0.48%
Price / MA20:	-0.82%
Price / MA50:	-1.87%
Price / MA100:	-3.45%
Price / MAexp7:	-0.32%
Price / MAexp20:	-0.75%
Price / MAexp50:	-1.70%
Price / MAexp100:	-2.06%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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