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 09/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

28%

56%

17%

My opinion

Bearish under 2,589.50 USD

My targets

2,529.18 USD (-1.64%)

2,500.62 USD (-2.76%)

My analysis

The current short-term bearish acceleration registered on GOLD - USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2,589.50 USD. Short-term sellers will use the support located at 2,529.18 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 2,500.62 USD. Crossing this support would then open the door for sellers to target 2,492.65 USD. Caution, if there is a return to below 2,589.50 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

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

Force

2.3

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

Additional analysis

Quotes

The GOLD - USD rating is 2,571.47 USD. On the day, this instrument lost -0.48% and was traded between 2,560.81 USD and 2,586.99 USD over the period. The price is currently at +0.42% from its lowest and -0.60% from its highest.

2,560.81

2,586.99

2,571.47

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

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 neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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
ProTrendLines	2,492.65	2,500.62	2,529.18	2,571.47	2,575.46	2,589.50
Change (%)	-3.07%	-2.76%	-1.64%	-	+0.16%	+0.70%
Change	-78.82	-70.85	-42.29	-	+3.99	+18.03
Level	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
Standard	2,561.86	2,568.62	2,576.18	2,582.94	2,590.50	2,597.26	2,604.82
Camarilla	2,579.80	2,581.12	2,582.43	2,583.74	2,585.05	2,586.37	2,587.68
Woodie	2,562.26	2,568.82	2,576.58	2,583.14	2,590.90	2,597.46	2,605.22
Fibonacci	2,568.62	2,574.09	2,577.47	2,582.94	2,588.41	2,591.79	2,597.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,413.69	2,449.64	2,514.20	2,550.15	2,614.71	2,650.66	2,715.22
Camarilla	2,551.11	2,560.32	2,569.54	2,578.75	2,587.96	2,597.18	2,606.39
Woodie	2,427.99	2,456.79	2,528.50	2,557.30	2,629.01	2,657.81	2,729.52
Fibonacci	2,449.64	2,488.04	2,511.76	2,550.15	2,588.55	2,612.27	2,650.66

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

Technical indicators

Moving averages

RSI (14):	42.17
MACD (12,26,9):	-3.1200
Directional Movement:	-6.36
AROON (14):	-78.57
DEMA (21):	2,571.79
Parabolic SAR (0,02-0,02-0,2):	2,580.22
Elder Ray (13):	-3.38
Super Trend (3,10):	2,586.22
Zig ZAG (10):	2,570.18
VORTEX (21):	0.9000
Stochastique (14,3,5):	26.33
TEMA (21):	2,568.13
Williams %R (14):	-62.15
Chande Momentum Oscillator (20):	-13.41
Repulse (5,40,3):	0.1200
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.76

MA7:	2,547.16
MA20:	2,520.64
MA50:	2,465.72
MA100:	2,404.22
MAexp7:	2,571.15
MAexp20:	2,575.04
MAexp50:	2,574.29
MAexp100:	2,562.50
Price / MA7:	+0.95%
Price / MA20:	+2.02%
Price / MA50:	+4.29%
Price / MA100:	+6.96%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.35%

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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