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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 05/01/2024 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2,325.35 USD
My targets
2,239.38 USD (-2.46%)
2,157.06 USD (-6.05%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,325.35 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,325.35 USD. The next bearish objective for sellers is set at 2,239.38 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,157.06 USD. In case of crossing, the next objective would be the support located at 2,049.28 USD. PS: if there is a bullish break in the resistance located at 2,325.35 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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
0
10
0.7

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.

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

Additional analysis

Quotes

The GOLD - USD price is 2,295.89 USD. The price registered an increase of +0.20% on the session with the lowest point at 2,281.63 USD and the highest point at 2,298.75 USD. The deviation from the price is +0.62% for the low point and -0.12% for the high point.

2,281.63
2,298.75
2,295.89

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



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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

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
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,988.41 2,049.28 2,157.06 2,295.89 2,325.35 2,352.50 2,373.32
Change (%) -13.39% -10.74% -6.05% - +1.28% +2.47% +3.37%
Change -307.48 -246.61 -138.83 - +29.46 +56.61 +77.43
Level Major Major Minor - Intermediate 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
Standard2,221.262,253.222,272.302,304.262,323.342,355.302,374.38
Camarilla2,277.342,282.022,286.702,291.382,296.062,300.742,305.42
Woodie2,214.822,250.002,265.862,301.042,316.902,352.082,367.94
Fibonacci2,253.222,272.722,284.762,304.262,323.762,335.802,355.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,187.282,239.382,287.702,339.802,388.122,440.222,488.54
Camarilla2,308.412,317.612,326.822,336.022,345.232,354.432,363.64
Woodie2,185.392,238.442,285.812,338.862,386.232,439.282,486.65
Fibonacci2,239.382,277.742,301.442,339.802,378.162,401.862,440.22


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,999.722,114.122,202.752,317.152,405.782,520.182,608.81
Camarilla2,235.552,254.162,272.772,291.382,309.992,328.602,347.21
Woodie1,986.842,107.682,189.872,310.712,392.902,513.742,595.93
Fibonacci2,114.122,191.682,239.592,317.152,394.712,442.622,520.18

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): 48.21
MACD (12,26,9): -4.5600
Directional Movement: -0.12
AROON (14): 57.14
DEMA (21): 2,285.66
Parabolic SAR (0,02-0,02-0,2): 2,283.25
Elder Ray (13): 5.27
Super Trend (3,10): 2,299.49
Zig ZAG (10): 2,295.64
VORTEX (21): 1.0000
Stochastique (14,3,5): 84.73
TEMA (21): 2,288.60
Williams %R (14): -16.76
Chande Momentum Oscillator (20): 9.14
Repulse (5,40,3): 0.2400
ROCnROLL: -1
TRIX (15,9): -0.0500
Courbe Coppock: 0.09
MA7: 2,318.08
MA20: 2,341.39
MA50: 2,223.54
MA100: 2,127.44
MAexp7: 2,291.88
MAexp20: 2,293.20
MAexp50: 2,305.18
MAexp100: 2,316.59
Price / MA7: -0.96%
Price / MA20: -1.94%
Price / MA50: +3.25%
Price / MA100: +7.92%
Price / MAexp7: +0.17%
Price / MAexp20: +0.12%
Price / MAexp50: -0.40%
Price / MAexp100: -0.89%

Quotes : - Real time data - Gold & Silver Spot

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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