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 07/22/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 2,426.21 USD

My targets

2,393.83 USD (-0.36%)

2,370.26 USD (-1.34%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,426.21 USD. The sellers' bearish objective is set at 2,393.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,370.26 USD. In case of crossing, the next objective would be the support located at 2,349.51 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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

Additional analysis

Quotes

GOLD - USD rating 2,402.37 USD. The price registered an increase of +0.02% on the session and was traded between 2,400.38 USD and 2,412.21 USD over the period. The price is currently at +0.08% from its lowest and -0.41% from its highest.

2,400.38

2,412.21

2,402.37

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
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.

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

Bullish harami

Type : Bullish

Timeframe : 1 hour

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,349.51	2,370.26	2,393.83	2,402.37	2,426.21	2,439.93	2,451.57
Change (%)	-2.20%	-1.34%	-0.36%	-	+0.99%	+1.56%	+2.05%
Change	-52.86	-32.11	-8.54	-	+23.84	+37.56	+49.20
Level	Minor	Intermediate	Major	-	Major	Minor	Minor

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	2,335.82	2,364.82	2,383.39	2,412.39	2,430.96	2,459.96	2,478.53
Camarilla	2,388.87	2,393.23	2,397.59	2,401.95	2,406.31	2,410.67	2,415.03
Woodie	2,330.60	2,362.21	2,378.17	2,409.78	2,425.74	2,457.35	2,473.31
Fibonacci	2,364.82	2,383.00	2,394.22	2,412.39	2,430.57	2,441.79	2,459.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,279.36	2,336.60	2,369.27	2,426.51	2,459.18	2,516.42	2,549.09
Camarilla	2,377.23	2,385.47	2,393.71	2,401.95	2,410.19	2,418.43	2,426.68
Woodie	2,267.09	2,330.46	2,357.00	2,420.37	2,446.91	2,510.28	2,536.82
Fibonacci	2,336.60	2,370.94	2,392.16	2,426.51	2,460.85	2,482.07	2,516.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,178.80	2,232.79	2,279.78	2,333.77	2,380.76	2,434.75	2,481.74
Camarilla	2,299.00	2,308.26	2,317.51	2,326.77	2,336.03	2,345.28	2,354.54
Woodie	2,175.30	2,231.04	2,276.28	2,332.02	2,377.26	2,433.00	2,478.24
Fibonacci	2,232.79	2,271.36	2,295.20	2,333.77	2,372.34	2,396.18	2,434.75

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):	33.66
MACD (12,26,9):	-6.4100
Directional Movement:	-17.11
AROON (14):	50.00
DEMA (21):	2,399.14
Parabolic SAR (0,02-0,02-0,2):	2,412.21
Elder Ray (13):	-3.82
Super Trend (3,10):	2,418.31
Zig ZAG (10):	2,404.02
VORTEX (21):	0.8800
Stochastique (14,3,5):	51.63
TEMA (21):	2,402.13
Williams %R (14):	-47.18
Chande Momentum Oscillator (20):	4.94
Repulse (5,40,3):	-0.0400
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.12

MA7:	2,430.37
MA20:	2,378.46
MA50:	2,360.15
MA100:	2,315.06
MAexp7:	2,405.29
MAexp20:	2,408.78
MAexp50:	2,423.02
MAexp100:	2,429.28
Price / MA7:	-1.15%
Price / MA20:	+1.01%
Price / MA50:	+1.79%
Price / MA100:	+3.77%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.27%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.11%

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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