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 09/30/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 2,670.63 USD

My targets

2,623.12 USD (-0.99%)

2,600.25 USD (-1.85%)

My analysis

All elements being clearly 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 2,670.63 USD. The sellers' bearish objective is set at 2,623.12 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,600.25 USD. In case of crossing, the next objective would be the support located at 2,546.96 USD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.2

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

Additional analysis

Quotes

GOLD - USD rating 2,649.22 USD. The price registered a decrease of -0.34% on the session with the lowest point at 2,647.38 USD and the highest point at 2,666.05 USD. The deviation from the price is +0.07% for the low point and -0.63% for the high point.

2,647.38

2,666.05

2,649.22

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,546.96	2,600.25	2,623.12	2,649.22	2,655.06	2,670.63	2,685.60
Change (%)	-3.86%	-1.85%	-0.99%	-	+0.22%	+0.81%	+1.37%
Change	-102.26	-48.97	-26.10	-	+5.84	+21.41	+36.38
Level	Minor	Minor	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	2,611.65	2,627.40	2,642.85	2,658.60	2,674.05	2,689.80	2,705.25
Camarilla	2,649.73	2,652.59	2,655.45	2,658.31	2,661.17	2,664.03	2,666.89
Woodie	2,611.51	2,627.33	2,642.71	2,658.53	2,673.91	2,689.73	2,705.11
Fibonacci	2,627.40	2,639.32	2,646.68	2,658.60	2,670.52	2,677.88	2,689.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,547.89	2,580.89	2,619.60	2,652.60	2,691.31	2,724.31	2,763.02
Camarilla	2,638.59	2,645.16	2,651.74	2,658.31	2,664.88	2,671.46	2,678.03
Woodie	2,550.75	2,582.32	2,622.46	2,654.03	2,694.17	2,725.74	2,765.88
Fibonacci	2,580.89	2,608.28	2,625.21	2,652.60	2,679.99	2,696.92	2,724.31

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

Technical indicators

Moving averages

RSI (14):	42.26
MACD (12,26,9):	-2.5600
Directional Movement:	-7.28
AROON (14):	35.71
DEMA (21):	2,652.98
Parabolic SAR (0,02-0,02-0,2):	2,666.05
Elder Ray (13):	-3.05
Super Trend (3,10):	2,669.53
Zig ZAG (10):	2,650.62
VORTEX (21):	0.9100
Stochastique (14,3,5):	34.91
TEMA (21):	2,651.97
Williams %R (14):	-74.94
Chande Momentum Oscillator (20):	-7.46
Repulse (5,40,3):	-0.2500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.00

MA7:	2,649.18
MA20:	2,576.52
MA50:	2,503.85
MA100:	2,431.93
MAexp7:	2,653.64
MAexp20:	2,656.52
MAexp50:	2,658.86
MAexp100:	2,652.73
Price / MA7:	+0.00%
Price / MA20:	+2.82%
Price / MA50:	+5.81%
Price / MA100:	+8.93%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.28%
Price / MAexp50:	-0.36%
Price / MAexp100:	-0.13%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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