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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 12/04/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2,097.72 USD
My targets
2,031.64 USD (-0.90%)
2,018.18 USD (-1.56%)
My analysis
The strong short-term decline in GOLD - USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2,097.72 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 2,031.64 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,018.18 USD as an objective. Crossing it would then enable sellers to target 1,986.90 USD. Be careful, a return to above 2,097.72 USD could jeopardize the reversal.

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
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.

Anasabbas1991
This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,050.06 USD. The price is lower by -1.03% since the last closing and was between 2,042.54 USD and 2,145.92 USD. This implies that the price is at +0.37% from its lowest and at -4.47% from its highest.

2,042.54
2,145.92
2,050.06

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner for higher/lower results shows the following items:

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


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 scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,018.18 2,031.64 2,045.49 2,050.06
Change (%) -1.56% -0.90% -0.22% -
Change -31.88 -18.42 -4.57 -
Level Intermediate Minor Major -



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
Standard2,003.642,018.792,045.122,060.272,086.602,101.752,128.08
Camarilla2,060.042,063.852,067.652,071.452,075.252,079.062,082.86
Woodie2,009.232,021.592,050.712,063.072,092.192,104.552,133.67
Fibonacci2,018.792,034.642,044.432,060.272,076.122,085.912,101.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,948.041,974.312,022.882,049.152,097.722,123.992,172.56
Camarilla2,050.872,057.732,064.592,071.452,078.312,085.172,092.03
Woodie1,959.191,979.892,034.032,054.732,108.872,129.572,183.71
Fibonacci1,974.312,002.902,020.562,049.152,077.742,095.402,123.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

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): 39.23
MACD (12,26,9): 0.9500
Directional Movement: -3.86
AROON (14): -100.00
DEMA (21): 2,071.38
Parabolic SAR (0,02-0,02-0,2): 2,103.95
Elder Ray (13): -17.36
Super Trend (3,10): 2,083.89
Zig ZAG (10): 2,047.78
VORTEX (21): 0.9900
Stochastique (14,3,5): 8.91
TEMA (21): 2,066.15
Williams %R (14): -89.37
Chande Momentum Oscillator (20): -39.90
Repulse (5,40,3): -0.9400
ROCnROLL: 2
TRIX (15,9): 0.0400
Courbe Coppock: 1.88
MA7: 2,037.84
MA20: 1,994.08
MA50: 1,949.87
MA100: 1,939.80
MAexp7: 2,063.06
MAexp20: 2,067.80
MAexp50: 2,059.52
MAexp100: 2,047.53
Price / MA7: +0.60%
Price / MA20: +2.81%
Price / MA50: +5.14%
Price / MA100: +5.68%
Price / MAexp7: -0.63%
Price / MAexp20: -0.86%
Price / MAexp50: -0.46%
Price / MAexp100: +0.12%

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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