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 03/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

39%

My opinion

Bearish under 2,183.68 USD

My targets

2,147.15 USD (-0.84%)

2,079.55 USD (-3.96%)

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 2,183.68 USD. The sellers' bearish objective is set at 2,147.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,079.55 USD. In case of crossing, the next objective would be the support located at 2,049.28 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.8

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

Additional analysis

Quotes

GOLD - USD rating 2,165.29 USD. The price is lower by -0.76% since the last closing with the lowest point at 2,157.11 USD and the highest point at 2,186.15 USD. The deviation from the price is +0.38% for the low point and -0.95% for the high point.

2,157.11

2,186.15

2,165.29

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of GOLD - USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,079.55	2,147.15	2,163.14	2,165.29	2,183.68	2,196.89	2,211.82
Change (%)	-3.96%	-0.84%	-0.10%	-	+0.85%	+1.46%	+2.15%
Change	-85.74	-18.14	-2.15	-	+18.39	+31.60	+46.53
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,123.86	2,140.48	2,152.90	2,169.52	2,181.94	2,198.56	2,210.98
Camarilla	2,157.32	2,159.99	2,162.65	2,165.31	2,167.97	2,170.63	2,173.30
Woodie	2,121.75	2,139.43	2,150.79	2,168.47	2,179.83	2,197.51	2,208.87
Fibonacci	2,140.48	2,151.58	2,158.43	2,169.52	2,180.62	2,187.47	2,198.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,044.39	2,095.22	2,130.27	2,181.10	2,216.15	2,266.98	2,302.03
Camarilla	2,141.69	2,149.57	2,157.44	2,165.31	2,173.18	2,181.06	2,188.93
Woodie	2,036.49	2,091.28	2,122.37	2,177.16	2,208.25	2,263.04	2,294.13
Fibonacci	2,095.22	2,128.03	2,148.30	2,181.10	2,213.91	2,234.18	2,266.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,916.03	1,950.16	1,997.23	2,031.36	2,078.43	2,112.56	2,159.63
Camarilla	2,021.98	2,029.42	2,036.87	2,044.31	2,051.75	2,059.20	2,066.64
Woodie	1,922.51	1,953.40	2,003.71	2,034.60	2,084.91	2,115.80	2,166.11
Fibonacci	1,950.16	1,981.18	2,000.34	2,031.36	2,062.38	2,081.54	2,112.56

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):	41.63
MACD (12,26,9):	-4.4000
Directional Movement:	-9.16
AROON (14):	-28.57
DEMA (21):	2,163.61
Parabolic SAR (0,02-0,02-0,2):	2,176.38
Elder Ray (13):	-1.77
Super Trend (3,10):	2,180.06
Zig ZAG (10):	2,165.31
VORTEX (21):	0.8700
Stochastique (14,3,5):	33.46
TEMA (21):	2,161.38
Williams %R (14):	-64.44
Chande Momentum Oscillator (20):	-1.40
Repulse (5,40,3):	-0.0200
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.58

MA7:	2,170.15
MA20:	2,132.98
MA50:	2,068.31
MA100:	2,042.12
MAexp7:	2,165.25
MAexp20:	2,169.45
MAexp50:	2,173.78
MAexp100:	2,172.44
Price / MA7:	-0.22%
Price / MA20:	+1.51%
Price / MA50:	+4.69%
Price / MA100:	+6.03%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.19%
Price / MAexp50:	-0.39%
Price / MAexp100:	-0.33%

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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