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 04/14/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2,365.27 USD

My targets

2,346.51 USD (-0.47%)

2,319.21 USD (-1.63%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GOLD - USD as long as the price remains well below 2,365.27 USD. The next bearish objective for sellers is set at 2,346.51 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,319.21 USD. In case of crossing, the next objective would be the support located at 2,288.35 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 2,346.51 USD. With this support, against the trend traders who want to buy GOLD - USD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

1.3

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

Additional analysis

Quotes

The GOLD - USD price is 2,357.62 USD. The price has increased by +0.57% since the last closing and was between 2,347.07 USD and 2,373.09 USD. This implies that the price is at +0.45% from its lowest and at -0.65% from its highest.

2,347.07

2,373.09

2,357.62

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a 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

A technical analysis in 1H of this GOLD - USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,288.35	2,319.21	2,346.51	2,357.62	2,365.27	2,390.43	2,431.55
Change (%)	-2.94%	-1.63%	-0.47%	-	+0.32%	+1.39%	+3.14%
Change	-69.27	-38.41	-11.11	-	+7.65	+32.81	+73.93
Level	Minor	Intermediate	Major	-	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	2,210.58	2,272.22	2,308.27	2,369.91	2,405.96	2,467.60	2,503.65
Camarilla	2,317.46	2,326.41	2,335.37	2,344.32	2,353.28	2,362.23	2,371.19
Woodie	2,197.79	2,265.82	2,295.48	2,363.51	2,393.17	2,461.20	2,490.86
Fibonacci	2,272.22	2,309.54	2,332.59	2,369.91	2,407.23	2,430.28	2,467.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,159.08	2,231.02	2,287.67	2,359.61	2,416.26	2,488.20	2,544.85
Camarilla	2,308.96	2,320.75	2,332.53	2,344.32	2,356.11	2,367.90	2,379.68
Woodie	2,151.44	2,227.20	2,280.03	2,355.79	2,408.62	2,484.38	2,537.21
Fibonacci	2,231.02	2,280.14	2,310.49	2,359.61	2,408.73	2,439.08	2,488.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

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):	43.01
MACD (12,26,9):	-4.8600
Directional Movement:	3.90
AROON (14):	-28.57
DEMA (21):	2,368.22
Parabolic SAR (0,02-0,02-0,2):	2,396.05
Elder Ray (13):	-9.98
Super Trend (3,10):	2,389.81
Zig ZAG (10):	2,358.28
VORTEX (21):	0.9100
Stochastique (14,3,5):	19.82
TEMA (21):	2,356.90
Williams %R (14):	-75.41
Chande Momentum Oscillator (20):	-40.62
Repulse (5,40,3):	-0.2900
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	2.98

MA7:	2,347.63
MA20:	2,259.72
MA50:	2,145.75
MA100:	2,089.61
MAexp7:	2,359.09
MAexp20:	2,370.60
MAexp50:	2,366.08
MAexp100:	2,352.82
Price / MA7:	+0.43%
Price / MA20:	+4.33%
Price / MA50:	+9.87%
Price / MA100:	+12.83%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.55%
Price / MAexp50:	-0.36%
Price / MAexp100:	+0.20%

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.

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