GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Weekly - Technical analysis published on 11/19/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 1,909.44 USD

My targets

1,684.74 USD (-3.77%)

1,545.47 USD (-11.72%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1,909.44 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,909.44 USD. The next bearish objective for sellers is set at 1,684.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,545.47 USD. In case of crossing, the next objective would be the support located at 1,471.86 USD. PS: if there is a bullish break in the resistance located at 1,909.44 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.7

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

Additional analysis

Quotes

The GOLD - USD rating is 1,750.74 USD. The price is lower by -1.16% over the 5 days and has been traded over the last 5 days between 1,747.55 USD and 1,786.52 USD. This implies that the 5 day price is +0.18% from its lowest point and -2.00% from its highest point.

1,747.55

1,786.52

1,750.74

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Weekly shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

In fact, 11 technical indicators on 18 studied are currently bullish. 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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,471.86	1,545.47	1,684.74	1,750.74	1,778.85	1,909.44	2,069.41
Change (%)	-15.93%	-11.72%	-3.77%	-	+1.61%	+9.06%	+18.20%
Change	-278.88	-205.27	-66.00	-	+28.11	+158.70	+318.67
Level	Minor	Intermediate	Major	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,722.73	1,735.14	1,742.94	1,755.35	1,763.15	1,775.56	1,783.36
Camarilla	1,745.18	1,747.04	1,748.89	1,750.74	1,752.59	1,754.45	1,756.30
Woodie	1,720.43	1,733.99	1,740.64	1,754.20	1,760.85	1,774.41	1,781.06
Fibonacci	1,735.14	1,742.86	1,747.63	1,755.35	1,763.07	1,767.84	1,775.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,591.50	1,628.11	1,699.70	1,736.31	1,807.90	1,844.51	1,916.10
Camarilla	1,741.53	1,751.44	1,761.36	1,771.28	1,781.20	1,791.12	1,801.04
Woodie	1,608.98	1,636.86	1,717.18	1,745.06	1,825.38	1,853.26	1,933.58
Fibonacci	1,628.11	1,669.45	1,694.98	1,736.31	1,777.65	1,803.18	1,844.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,477.76	1,547.51	1,590.03	1,659.78	1,702.30	1,772.05	1,814.57
Camarilla	1,601.67	1,611.96	1,622.25	1,632.54	1,642.83	1,653.12	1,663.41
Woodie	1,464.14	1,540.70	1,576.41	1,652.97	1,688.68	1,765.24	1,800.95
Fibonacci	1,547.51	1,590.40	1,616.90	1,659.78	1,702.67	1,729.17	1,772.05

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):	51.15
MACD (12,26,9):	-29.9600
Directional Movement:	-0.87
AROON (14):	-50.00
DEMA (21):	1,682.33
Parabolic SAR (0,02-0,02-0,2):	1,616.67
Elder Ray (13):	56.16
Super Trend (3,10):	1,809.05
Zig ZAG (10):	1,750.74
VORTEX (21):	0.9400
Stochastique (14,3,5):	62.72
TEMA (21):	1,676.03
Williams %R (14):	-27.60
Chande Momentum Oscillator (20):	12.64
Repulse (5,40,3):	4.4300
ROCnROLL:	-1
TRIX (15,9):	-0.3400
Courbe Coppock:	7.14

MA7:	1,765.51
MA20:	1,697.74
MA50:	1,681.32
MA100:	1,712.59
MAexp7:	1,710.06
MAexp20:	1,726.07
MAexp50:	1,771.18
MAexp100:	1,769.12
Price / MA7:	-0.84%
Price / MA20:	+3.12%
Price / MA50:	+4.13%
Price / MA100:	+2.23%
Price / MAexp7:	+2.38%
Price / MAexp20:	+1.43%
Price / MAexp50:	-1.15%
Price / MAexp100:	-1.04%

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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