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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 04/12/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2,347.13 USD
My targets
2,319.21 USD (-0.91%)
2,288.35 USD (-2.23%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GOLD - USD as long as the price remains well below 2,347.13 USD. The next bearish objective for sellers is set at 2,319.21 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,288.35 USD. In case of crossing, the next objective would be the support located at 2,267.71 USD.

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
3.2

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.

jann1414
This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,340.43 USD. The price is lower by -1.53% since the last closing and was between 2,339.61 USD and 2,431.55 USD. This implies that the price is at +0.04% from its lowest and at -3.75% from its highest.

2,339.61
2,431.55
2,340.43

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



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

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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 2,267.71 2,288.35 2,319.21 2,340.43 2,347.13
Change (%) -3.11% -2.23% -0.91% - +0.29%
Change -72.72 -52.08 -21.22 - +6.70
Level Intermediate Minor Intermediate - Intermediate



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
Standard2,288.162,307.002,341.932,360.772,395.702,414.542,449.47
Camarilla2,362.082,367.012,371.942,376.872,381.802,386.732,391.66
Woodie2,296.222,311.022,349.992,364.792,403.762,418.562,457.53
Fibonacci2,307.002,327.542,340.232,360.772,381.312,394.002,414.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,156.812,192.672,258.762,294.622,360.712,396.572,462.66
Camarilla2,296.822,306.172,315.522,324.862,334.212,343.552,352.90
Woodie2,171.942,200.232,273.892,302.182,375.842,404.132,477.79
Fibonacci2,192.672,231.612,255.672,294.622,333.562,357.622,396.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,905.681,972.372,103.032,169.722,300.382,367.072,497.73
Camarilla2,179.412,197.502,215.592,233.682,251.772,269.862,287.95
Woodie1,937.661,988.362,135.012,185.712,332.362,383.062,529.71
Fibonacci1,972.372,047.762,094.342,169.722,245.112,291.692,367.07

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): 36.01
MACD (12,26,9): 2.2600
Directional Movement: -6.63
AROON (14): -21.43
DEMA (21): 2,387.01
Parabolic SAR (0,02-0,02-0,2): 2,426.44
Elder Ray (13): -31.89
Super Trend (3,10): 2,399.36
Zig ZAG (10): 2,342.86
VORTEX (21): 0.8900
Stochastique (14,3,5): 7.79
TEMA (21): 2,380.03
Williams %R (14): -97.73
Chande Momentum Oscillator (20): -52.44
Repulse (5,40,3): -1.7900
ROCnROLL: 2
TRIX (15,9): 0.0600
Courbe Coppock: 0.55
MA7: 2,337.34
MA20: 2,250.00
MA50: 2,139.48
MA100: 2,085.98
MAexp7: 2,373.69
MAexp20: 2,381.12
MAexp50: 2,369.10
MAexp100: 2,353.13
Price / MA7: +0.13%
Price / MA20: +4.02%
Price / MA50: +9.39%
Price / MA100: +12.20%
Price / MAexp7: -1.40%
Price / MAexp20: -1.71%
Price / MAexp50: -1.21%
Price / MAexp100: -0.54%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were 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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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