TETHER GOLD - XAUT/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XAUTUSD
ISIN:

TETHER GOLD - XAUT/USD - 1H - Technical analysis published on 04/22/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 2,406.30 USD

My targets

2,345.27 USD (-1.21%)

2,329.90 USD (-1.86%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TETHER GOLD - XAUT/USD as long as the price remains well below 2,406.30 USD. The sellers' bearish objective is set at 2,345.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,329.90 USD. In case of crossing, the next objective would be the support located at 2,177.70 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.5

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

Additional analysis

Quotes

The TETHER GOLD - XAUT/USD rating is 2,374.10 USD. On the day, this instrument lost -0.72% with the lowest point at 2,369.60 USD and the highest point at 2,391.40 USD. The deviation from the price is +0.19% for the low point and -0.72% for the high point.

2,369.60

2,391.40

2,374.10

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of TETHER GOLD - XAUT/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Black line without upper shadow

Type : Bearish

Timeframe : 1 hour

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,177.70	2,329.90	2,345.27	2,374.10	2,375.36	2,406.30	2,433.20
Change (%)	-8.27%	-1.86%	-1.21%	-	+0.05%	+1.36%	+2.49%
Change	-196.40	-44.20	-28.83	-	+1.26	+32.20	+59.10
Level	Minor	Minor	Minor	-	Major	Major	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
Standard	2,381.57	2,384.73	2,388.07	2,391.23	2,394.57	2,397.73	2,401.07
Camarilla	2,389.61	2,390.21	2,390.80	2,391.40	2,392.00	2,392.59	2,393.19
Woodie	2,381.65	2,384.78	2,388.15	2,391.28	2,394.65	2,397.78	2,401.15
Fibonacci	2,384.73	2,387.22	2,388.75	2,391.23	2,393.72	2,395.25	2,397.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,139.30	2,234.60	2,314.20	2,409.50	2,489.10	2,584.40	2,664.00
Camarilla	2,345.70	2,361.74	2,377.77	2,393.80	2,409.83	2,425.87	2,441.90
Woodie	2,131.45	2,230.68	2,306.35	2,405.58	2,481.25	2,580.48	2,656.15
Fibonacci	2,234.60	2,301.41	2,342.69	2,409.50	2,476.31	2,517.59	2,584.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,962.70	2,019.30	2,132.50	2,189.10	2,302.30	2,358.90	2,472.10
Camarilla	2,199.01	2,214.57	2,230.14	2,245.70	2,261.27	2,276.83	2,292.40
Woodie	1,991.00	2,033.45	2,160.80	2,203.25	2,330.60	2,373.05	2,500.40
Fibonacci	2,019.30	2,084.16	2,124.24	2,189.10	2,253.96	2,294.04	2,358.90

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):	15.56
MACD (12,26,9):	-3.4300
Directional Movement:	-72.45
AROON (14):	-64.29
DEMA (21):	2,385.22
Parabolic SAR (0,02-0,02-0,2):	2,392.97
Elder Ray (13):	-10.84
Super Trend (3,10):	2,380.18
Zig ZAG (10):	2,374.10
VORTEX (21):	0.6400
Stochastique (14,3,5):	12.30
TEMA (21):	2,379.23
Williams %R (14):	-81.56
Chande Momentum Oscillator (20):	-19.80
Repulse (5,40,3):	-0.2300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.98

MA7:	2,384.29
MA20:	2,358.11
MA50:	2,251.86
MA100:	2,141.08
MAexp7:	2,380.79
MAexp20:	2,388.78
MAexp50:	2,390.85
MAexp100:	2,388.92
Price / MA7:	-0.43%
Price / MA20:	+0.68%
Price / MA50:	+5.43%
Price / MA100:	+10.88%
Price / MAexp7:	-0.28%
Price / MAexp20:	-0.61%
Price / MAexp50:	-0.70%
Price / MAexp100:	-0.62%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15124

Number of analyses :

75169

Followers :

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…