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 07/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 2,383.50 USD

My targets

2,360.76 USD (-0.54%)

2,294.05 USD (-3.35%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 2,383.50 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,360.76 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. 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. If the resistance 2,383.50 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.7

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

Additional analysis

Quotes

The GOLD - USD rating is 2,373.60 USD. The price registered an increase of +0.41% on the session and was traded between 2,355.86 USD and 2,379.43 USD over the period. The price is currently at +0.75% from its lowest and -0.25% from its highest.

2,355.86

2,379.43

2,373.60

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,049.28	2,294.05	2,360.76	2,373.60	2,383.50	2,412.15	2,426.21
Change (%)	-13.66%	-3.35%	-0.54%	-	+0.42%	+1.62%	+2.22%
Change	-324.32	-79.55	-12.84	-	+9.90	+38.55	+52.61
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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	2,297.61	2,325.38	2,344.60	2,372.37	2,391.59	2,419.36	2,438.58
Camarilla	2,350.91	2,355.22	2,359.52	2,363.83	2,368.14	2,372.45	2,376.75
Woodie	2,293.35	2,323.24	2,340.34	2,370.23	2,387.33	2,417.22	2,434.32
Fibonacci	2,325.38	2,343.33	2,354.42	2,372.37	2,390.32	2,401.41	2,419.36

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):	51.19
MACD (12,26,9):	-1.3600
Directional Movement:	0.47
AROON (14):	7.15
DEMA (21):	2,368.06
Parabolic SAR (0,02-0,02-0,2):	2,360.77
Elder Ray (13):	2.76
Super Trend (3,10):	2,383.47
Zig ZAG (10):	2,373.66
VORTEX (21):	1.0900
Stochastique (14,3,5):	74.67
TEMA (21):	2,372.58
Williams %R (14):	-25.37
Chande Momentum Oscillator (20):	10.11
Repulse (5,40,3):	0.1000
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.86

MA7:	2,397.60
MA20:	2,391.72
MA50:	2,360.08
MA100:	2,324.92
MAexp7:	2,372.14
MAexp20:	2,371.35
MAexp50:	2,379.61
MAexp100:	2,391.25
Price / MA7:	-1.00%
Price / MA20:	-0.76%
Price / MA50:	+0.57%
Price / MA100:	+2.09%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.10%
Price / MAexp50:	-0.25%
Price / MAexp100:	-0.74%

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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