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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 07/25/2024 (GMT)

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Londinia
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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
22%
61%
17%
My opinion
Bearish under 2,383.95 USD
My targets
2,360.76 USD (-0.49%)
2,294.05 USD (-3.31%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 2,383.95 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,360.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,294.05 USD as an objective. Crossing it would then enable sellers to target 2,049.28 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
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.

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

Additional analysis

Quotes

GOLD - USD rating 2,372.48 USD. The price registered a decrease of -1.09% on the session and was traded between 2,365.92 USD and 2,400.13 USD over the period. The price is currently at +0.28% from its lowest and -1.15% from its highest.

2,365.92
2,400.13
2,372.48

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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



Technical


A technical analysis in 1H of this GOLD - USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


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 detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,049.28 2,294.05 2,360.76 2,372.48 2,383.95 2,393.83 2,409.88
Change (%) -13.62% -3.31% -0.49% - +0.48% +0.90% +1.58%
Change -323.20 -78.43 -11.72 - +11.47 +21.35 +37.40
Level Major Intermediate Minor - Intermediate Minor 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
Standard2,344.902,368.992,383.862,407.952,422.822,446.912,461.78
Camarilla2,388.022,391.592,395.162,398.732,402.302,405.872,409.44
Woodie2,340.292,366.692,379.252,405.652,418.212,444.612,457.17
Fibonacci2,368.992,383.872,393.072,407.952,422.832,432.032,446.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,279.362,336.602,369.272,426.512,459.182,516.422,549.09
Camarilla2,377.232,385.472,393.712,401.952,410.192,418.432,426.68
Woodie2,267.092,330.462,357.002,420.372,446.912,510.282,536.82
Fibonacci2,336.602,370.942,392.162,426.512,460.852,482.072,516.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,178.802,232.792,279.782,333.772,380.762,434.752,481.74
Camarilla2,299.002,308.262,317.512,326.772,336.032,345.282,354.54
Woodie2,175.302,231.042,276.282,332.022,377.262,433.002,478.24
Fibonacci2,232.792,271.362,295.202,333.772,372.342,396.182,434.75

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): 25.53
MACD (12,26,9): -10.2700
Directional Movement: -28.84
AROON (14): -100.00
DEMA (21): 2,379.03
Parabolic SAR (0,02-0,02-0,2): 2,385.55
Elder Ray (13): -15.34
Super Trend (3,10): 2,393.65
Zig ZAG (10): 2,372.47
VORTEX (21): 0.7400
Stochastique (14,3,5): 14.24
TEMA (21): 2,370.77
Williams %R (14): -83.22
Chande Momentum Oscillator (20): -25.08
Repulse (5,40,3): 0.0900
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 3.12
MA7: 2,411.61
MA20: 2,389.77
MA50: 2,361.10
MA100: 2,322.89
MAexp7: 2,377.93
MAexp20: 2,390.68
MAexp50: 2,400.41
MAexp100: 2,407.49
Price / MA7: -1.62%
Price / MA20: -0.72%
Price / MA50: +0.48%
Price / MA100: +2.13%
Price / MAexp7: -0.23%
Price / MAexp20: -0.76%
Price / MAexp50: -1.16%
Price / MAexp100: -1.45%

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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Londinia AI

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