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 09/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

22%

39%

My opinion

Bearish under 2,512.22 USD

My targets

2,489.99 USD (-0.47%)

2,471.89 USD (-1.20%)

My analysis

All elements being rather 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 2,512.22 USD. The next bearish objective for sellers is set at 2,489.99 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,471.89 USD. If there is any crossing, the next objective would be the support located at 2,362.61 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

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

Force

3.8

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

Additional analysis

Quotes

The GOLD - USD price is 2,501.79 USD. The price registered a decrease of -0.20% on the session and was between 2,501.22 USD and 2,507.57 USD. This implies that the price is at +0.02% from its lowest and at -0.23% from its highest.

2,501.22

2,507.57

2,501.79

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

A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,485.39	2,489.99	2,500.40	2,501.79	2,507.36	2,512.22	2,525.34
Change (%)	-0.66%	-0.47%	-0.06%	-	+0.22%	+0.42%	+0.94%
Change	-16.40	-11.80	-1.39	-	+5.57	+10.43	+23.55
Level	Major	Minor	Minor	-	Minor	Minor	Major

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	2,470.25	2,477.92	2,492.37	2,500.04	2,514.49	2,522.16	2,536.61
Camarilla	2,500.73	2,502.76	2,504.78	2,506.81	2,508.84	2,510.87	2,512.89
Woodie	2,473.63	2,479.62	2,495.75	2,501.74	2,517.87	2,523.86	2,539.99
Fibonacci	2,477.92	2,486.37	2,491.59	2,500.04	2,508.49	2,513.71	2,522.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,412.37	2,442.13	2,469.76	2,499.52	2,527.15	2,556.91	2,584.54
Camarilla	2,481.61	2,486.87	2,492.13	2,497.39	2,502.65	2,507.91	2,513.17
Woodie	2,411.31	2,441.60	2,468.70	2,498.99	2,526.09	2,556.38	2,583.48
Fibonacci	2,442.13	2,464.05	2,477.60	2,499.52	2,521.44	2,534.99	2,556.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,233.73	2,299.04	2,401.13	2,466.44	2,568.53	2,633.84	2,735.93
Camarilla	2,457.20	2,472.54	2,487.89	2,503.23	2,518.58	2,533.92	2,549.27
Woodie	2,252.13	2,308.24	2,419.53	2,475.64	2,586.93	2,643.04	2,754.33
Fibonacci	2,299.04	2,362.98	2,402.49	2,466.44	2,530.38	2,569.89	2,633.84

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):	49.32
MACD (12,26,9):	0.8400
Directional Movement:	-1.75
AROON (14):	64.29
DEMA (21):	2,503.51
Parabolic SAR (0,02-0,02-0,2):	2,507.04
Elder Ray (13):	-0.82
Super Trend (3,10):	2,508.65
Zig ZAG (10):	2,501.91
VORTEX (21):	1.1400
Stochastique (14,3,5):	62.70
TEMA (21):	2,505.04
Williams %R (14):	-42.87
Chande Momentum Oscillator (20):	-2.70
Repulse (5,40,3):	-0.1200
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.47

MA7:	2,501.37
MA20:	2,501.15
MA50:	2,446.03
MA100:	2,392.11
MAexp7:	2,503.41
MAexp20:	2,502.72
MAexp50:	2,502.70
MAexp100:	2,502.93
Price / MA7:	+0.02%
Price / MA20:	+0.03%
Price / MA50:	+2.28%
Price / MA100:	+4.59%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.04%
Price / MAexp100:	-0.05%

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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