GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 06/27/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

67%

17%

My opinion

Bearish under 2,376.89 USD

My targets

2,254.02 USD (-1.98%)

2,183.68 USD (-5.04%)

My analysis

The current short-term bearish acceleration registered on GOLD - USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2,376.89 USD. Short-term sellers will use the support located at 2,254.02 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 2,183.68 USD. Crossing this support would then open the door for sellers to target 2,049.28 USD. Caution, if there is a return to below 2,376.89 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

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

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,299.46 USD. The price has increased by +0.05% since the last closing with the lowest point at 2,296.82 USD and the highest point at 2,301.19 USD. The deviation from the price is +0.11% for the low point and -0.08% for the high point.

2,296.82

2,301.19

2,299.46

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,049.28	2,183.68	2,291.38	2,299.46	2,376.89	2,426.21
Change (%)	-10.88%	-5.04%	-0.35%	-	+3.37%	+5.51%
Change	-250.18	-115.78	-8.08	-	+77.43	+126.75
Level	Major	Minor	Major	-	Minor	Major

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
Standard	2,256.48	2,275.10	2,286.75	2,305.37	2,317.02	2,335.64	2,347.29
Camarilla	2,290.08	2,292.85	2,295.63	2,298.40	2,301.18	2,303.95	2,306.72
Woodie	2,253.00	2,273.36	2,283.27	2,303.63	2,313.54	2,333.90	2,343.81
Fibonacci	2,275.10	2,286.66	2,293.81	2,305.37	2,316.93	2,324.08	2,335.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,234.82	2,270.72	2,296.97	2,332.87	2,359.12	2,395.02	2,421.27
Camarilla	2,306.14	2,311.84	2,317.53	2,323.23	2,328.93	2,334.62	2,340.32
Woodie	2,230.01	2,268.31	2,292.16	2,330.46	2,354.31	2,392.61	2,416.46
Fibonacci	2,270.72	2,294.46	2,309.13	2,332.87	2,356.61	2,371.28	2,395.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,081.27	2,179.31	2,254.02	2,352.06	2,426.77	2,524.81	2,599.52
Camarilla	2,281.23	2,297.07	2,312.91	2,328.74	2,344.58	2,360.41	2,376.25
Woodie	2,069.62	2,173.48	2,242.37	2,346.23	2,415.12	2,518.98	2,587.87
Fibonacci	2,179.31	2,245.30	2,286.07	2,352.06	2,418.05	2,458.82	2,524.81

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.05
MACD (12,26,9):	-7.2400
Directional Movement:	-2.52
AROON (14):	0
DEMA (21):	2,318.50
Parabolic SAR (0,02-0,02-0,2):	2,385.88
Elder Ray (13):	-22.92
Super Trend (3,10):	2,384.98
Zig ZAG (10):	2,300.19
VORTEX (21):	0.9400
Stochastique (14,3,5):	20.10
TEMA (21):	2,307.25
Williams %R (14):	-84.12
Chande Momentum Oscillator (20):	-14.55
Repulse (5,40,3):	-0.9900
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.15

MA7:	2,323.36
MA20:	2,326.30
MA50:	2,338.81
MA100:	2,252.87
MAexp7:	2,315.88
MAexp20:	2,326.52
MAexp50:	2,317.15
MAexp100:	2,259.89
Price / MA7:	-1.03%
Price / MA20:	-1.15%
Price / MA50:	-1.68%
Price / MA100:	+2.07%
Price / MAexp7:	-0.71%
Price / MAexp20:	-1.16%
Price / MAexp50:	-0.76%
Price / MAexp100:	+1.75%

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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