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 07/25/2024 (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

39%

44%

17%

My opinion

Bearish under 2,393.83 USD

My targets

2,360.76 USD (-0.75%)

2,294.05 USD (-3.56%)

My analysis

The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 2,393.83 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.9

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

Additional analysis

Quotes

The GOLD - USD price is 2,378.65 USD. On the day, this instrument lost -0.84% and was between 2,365.92 USD and 2,400.13 USD. This implies that the price is at +0.54% from its lowest and at -0.89% from its highest.

2,365.92

2,400.13

2,378.65

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 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

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,049.28	2,294.05	2,360.76	2,378.65	2,383.95	2,393.83	2,409.88
Change (%)	-13.85%	-3.56%	-0.75%	-	+0.22%	+0.64%	+1.31%
Change	-329.37	-84.60	-17.89	-	+5.30	+15.18	+31.23
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Intermediate

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
Standard	2,344.90	2,368.99	2,383.86	2,407.95	2,422.82	2,446.91	2,461.78
Camarilla	2,388.02	2,391.59	2,395.16	2,398.73	2,402.30	2,405.87	2,409.44
Woodie	2,340.29	2,366.69	2,379.25	2,405.65	2,418.21	2,444.61	2,457.17
Fibonacci	2,368.99	2,383.87	2,393.07	2,407.95	2,422.83	2,432.03	2,446.91

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	39.16
MACD (12,26,9):	-8.6800
Directional Movement:	-17.67
AROON (14):	-57.14
DEMA (21):	2,375.41
Parabolic SAR (0,02-0,02-0,2):	2,366.25
Elder Ray (13):	-1.05
Super Trend (3,10):	2,396.36
Zig ZAG (10):	2,379.90
VORTEX (21):	0.7600
Stochastique (14,3,5):	35.97
TEMA (21):	2,370.50
Williams %R (14):	-57.60
Chande Momentum Oscillator (20):	-17.75
Repulse (5,40,3):	0.3200
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.25

MA7:	2,412.48
MA20:	2,390.23
MA50:	2,361.29
MA100:	2,322.98
MAexp7:	2,378.11
MAexp20:	2,386.62
MAexp50:	2,397.13
MAexp100:	2,405.20
Price / MA7:	-1.40%
Price / MA20:	-0.48%
Price / MA50:	+0.74%
Price / MA100:	+2.40%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.77%
Price / MAexp100:	-1.10%

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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