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 05/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 2,320.36 USD

My targets

2,281.63 USD (-0.83%)

2,183.68 USD (-5.09%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 2,320.36 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,281.63 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,183.68 USD as an objective. Crossing it would then enable sellers to target 2,049.28 USD. If the resistance 2,320.36 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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 rating is 2,300.70 USD. The price is lower by -0.15% since the last closing and was between 2,277.34 USD and 2,320.73 USD. This implies that the price is at +1.03% from its lowest and at -0.86% from its highest.

2,277.34

2,320.73

2,300.70

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

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

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,049.28	2,183.68	2,281.63	2,300.70	2,305.17	2,320.36	2,336.02
Change (%)	-10.93%	-5.09%	-0.83%	-	+0.19%	+0.85%	+1.54%
Change	-251.42	-117.02	-19.07	-	+4.47	+19.66	+35.32
Level	Major	Minor	Intermediate	-	Minor	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	2,235.06	2,256.20	2,278.45	2,299.59	2,321.84	2,342.98	2,365.23
Camarilla	2,288.77	2,292.75	2,296.72	2,300.70	2,304.68	2,308.66	2,312.63
Woodie	2,235.62	2,256.48	2,279.01	2,299.87	2,322.40	2,343.26	2,365.79
Fibonacci	2,256.20	2,272.78	2,283.02	2,299.59	2,316.17	2,326.41	2,342.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,200.35	2,238.85	2,269.77	2,308.27	2,339.19	2,377.69	2,408.61
Camarilla	2,281.61	2,287.97	2,294.34	2,300.70	2,307.06	2,313.43	2,319.79
Woodie	2,196.57	2,236.96	2,265.99	2,306.38	2,335.41	2,375.80	2,404.83
Fibonacci	2,238.85	2,265.37	2,281.75	2,308.27	2,334.79	2,351.17	2,377.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	49.91
MACD (12,26,9):	-1.2100
Directional Movement:	1.98
AROON (14):	-7.14
DEMA (21):	2,298.29
Parabolic SAR (0,02-0,02-0,2):	2,315.78
Elder Ray (13):	2.55
Super Trend (3,10):	2,312.05
Zig ZAG (10):	2,300.70
VORTEX (21):	0.9900
Stochastique (14,3,5):	53.34
TEMA (21):	2,298.31
Williams %R (14):	-46.16
Chande Momentum Oscillator (20):	-0.75
Repulse (5,40,3):	0.0700
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.33

MA7:	2,317.15
MA20:	2,342.34
MA50:	2,235.18
MA100:	2,134.12
MAexp7:	2,299.58
MAexp20:	2,300.11
MAexp50:	2,302.82
MAexp100:	2,308.21
Price / MA7:	-0.71%
Price / MA20:	-1.78%
Price / MA50:	+2.93%
Price / MA100:	+7.81%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.03%
Price / MAexp50:	-0.09%
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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