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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 06/07/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 1,954.16 USD
My targets
1,932.10 USD (-0.41%)
1,909.31 USD (-1.58%)
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 1,954.16 USD. The sellers' bearish objective is set at 1,932.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,909.31 USD. In case of crossing, the next objective would be the support located at 1,811.49 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4

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.

Anasabbas1991
This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,939.97 USD. The price is lower by -1.20% since the last closing with the lowest point at 1,939.67 USD and the highest point at 1,970.23 USD. The deviation from the price is +0.02% for the low point and -1.54% for the high point.

1,939.67
1,970.23
1,939.97

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

Central Gaps

Bearish opening

Type : Bearish

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 an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,909.31 1,932.10 1,938.42 1,939.97 1,954.16 1,962.22 1,966.38
Change (%) -1.58% -0.41% -0.08% - +0.73% +1.15% +1.36%
Change -30.66 -7.87 -1.55 - +14.19 +22.25 +26.41
Level Major Minor Intermediate - Intermediate Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,944.461,949.441,956.441,961.421,968.421,973.401,980.40
Camarilla1,960.161,961.251,962.351,963.451,964.551,965.651,966.75
Woodie1,945.481,949.951,957.461,961.931,969.441,973.911,981.42
Fibonacci1,949.441,954.011,956.841,961.421,965.991,968.821,973.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,874.261,903.181,925.641,954.561,977.022,005.942,028.40
Camarilla1,933.971,938.681,943.391,948.101,952.811,957.521,962.23
Woodie1,871.031,901.571,922.411,952.951,973.792,004.332,025.17
Fibonacci1,903.181,922.811,934.931,954.561,974.191,986.312,005.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,739.551,835.831,901.101,997.382,062.652,158.932,224.20
Camarilla1,921.951,936.761,951.571,966.381,981.191,996.002,010.81
Woodie1,724.061,828.081,885.611,989.632,047.162,151.182,208.71
Fibonacci1,835.831,897.541,935.671,997.382,059.092,097.222,158.93

Numerical data


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

Technical indicators
Moving averages

RSI (14): 33.07
MACD (12,26,9): -5.1900
Directional Movement: -15.20
AROON (14): -50.00
DEMA (21): 1,947.69
Parabolic SAR (0,02-0,02-0,2): 1,963.37
Elder Ray (13): -9.41
Super Trend (3,10): 1,956.04
Zig ZAG (10): 1,940.38
VORTEX (21): 0.7800
Stochastique (14,3,5): 2.78
TEMA (21): 1,942.87
Williams %R (14): -98.06
Chande Momentum Oscillator (20): -21.38
Repulse (5,40,3): -0.3500
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 1.67
MA7: 1,959.30
MA20: 1,969.93
MA50: 1,991.09
MA100: 1,940.65
MAexp7: 1,945.46
MAexp20: 1,953.25
MAexp50: 1,957.27
MAexp100: 1,958.76
Price / MA7: -0.99%
Price / MA20: -1.52%
Price / MA50: -2.57%
Price / MA100: -0.04%
Price / MAexp7: -0.28%
Price / MAexp20: -0.68%
Price / MAexp50: -0.88%
Price / MAexp100: -0.96%

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.

About author

Londinia
Londinia AI

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