GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 08/05/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Neutral

Technical indicators

28%

44%

28%

My opinion

Neutral between 2,426.21 USD and 2,448.27 USD

My targets

My analysis

The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 2,426.21 USD. The first resistance is located at 2,448.27 USD. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by GOLD - USD.

In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,440.84 USD. The price is lower by -0.09% since the last closing with the lowest point at 2,413.92 USD and the highest point at 2,447.53 USD. The deviation from the price is +1.12% for the low point and -0.27% for the high point.

2,413.92

2,447.53

2,440.84

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,369.73	2,410.63	2,426.21	2,440.84	2,448.27	2,468.36	2,477.71
Change (%)	-2.91%	-1.24%	-0.60%	-	+0.30%	+1.13%	+1.51%
Change	-71.11	-30.21	-14.63	-	+7.43	+27.52	+36.87
Level	Minor	Intermediate	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,343.25	2,377.07	2,410.06	2,443.88	2,476.87	2,510.69	2,543.68
Camarilla	2,424.67	2,430.79	2,436.92	2,443.04	2,449.16	2,455.29	2,461.41
Woodie	2,342.83	2,376.86	2,409.64	2,443.67	2,476.45	2,510.48	2,543.26
Fibonacci	2,377.07	2,402.60	2,418.36	2,443.88	2,469.41	2,485.17	2,510.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,274.63	2,322.18	2,382.61	2,430.16	2,490.59	2,538.14	2,598.57
Camarilla	2,413.35	2,423.24	2,433.14	2,443.04	2,452.94	2,462.84	2,472.74
Woodie	2,281.07	2,325.40	2,389.05	2,433.38	2,497.03	2,541.36	2,605.01
Fibonacci	2,322.18	2,363.43	2,388.91	2,430.16	2,471.41	2,496.89	2,538.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,183.11	2,250.83	2,348.31	2,416.03	2,513.51	2,581.23	2,678.71
Camarilla	2,400.37	2,415.51	2,430.66	2,445.80	2,460.94	2,476.09	2,491.23
Woodie	2,198.00	2,258.27	2,363.20	2,423.47	2,528.40	2,588.67	2,693.60
Fibonacci	2,250.83	2,313.93	2,352.92	2,416.03	2,479.13	2,518.12	2,581.23

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.17
MACD (12,26,9):	-3.9400
Directional Movement:	-13.52
AROON (14):	-21.43
DEMA (21):	2,437.90
Parabolic SAR (0,02-0,02-0,2):	2,447.30
Elder Ray (13):	-3.12
Super Trend (3,10):	2,465.34
Zig ZAG (10):	2,436.35
VORTEX (21):	0.9200
Stochastique (14,3,5):	33.02
TEMA (21):	2,432.18
Williams %R (14):	-61.56
Chande Momentum Oscillator (20):	-32.82
Repulse (5,40,3):	0.2400
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	2.02

MA7:	2,421.35
MA20:	2,413.95
MA50:	2,366.64
MA100:	2,340.54
MAexp7:	2,436.74
MAexp20:	2,441.98
MAexp50:	2,441.16
MAexp100:	2,430.85
Price / MA7:	+0.80%
Price / MA20:	+1.11%
Price / MA50:	+3.14%
Price / MA100:	+4.29%
Price / MAexp7:	+0.17%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.01%
Price / MAexp100:	+0.41%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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