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%

67%

11%

My opinion

Bearish under 2,655.06 USD

My targets

2,623.12 USD (-0.68%)

2,600.25 USD (-1.55%)

My analysis

GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,655.06 USD. The next support located at 2,623.12 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,600.25 USD. Below this support, sellers could then target 2,546.96 USD.

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

Force

5.4

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 price is 2,641.09 USD. On the day, this instrument lost -0.65% and was between 2,634.52 USD and 2,666.05 USD. This implies that the price is at +0.25% from its lowest and at -0.94% from its highest.

2,634.52

2,666.05

2,641.09

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, 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 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. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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	2,546.96	2,600.25	2,623.12	2,641.09	2,655.06	2,670.63	2,685.60
Change (%)	-3.56%	-1.55%	-0.68%	-	+0.53%	+1.12%	+1.69%
Change	-94.13	-40.84	-17.97	-	+13.97	+29.54	+44.51
Level	Minor	Minor	Minor	-	Intermediate	Minor	Intermediate

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	2,611.65	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):	33.69
MACD (12,26,9):	-4.6300
Directional Movement:	-20.88
AROON (14):	-78.57
DEMA (21):	2,647.37
Parabolic SAR (0,02-0,02-0,2):	2,664.50
Elder Ray (13):	-13.36
Super Trend (3,10):	2,658.47
Zig ZAG (10):	2,638.58
VORTEX (21):	0.8200
Stochastique (14,3,5):	12.48
TEMA (21):	2,644.65
Williams %R (14):	-86.71
Chande Momentum Oscillator (20):	-25.01
Repulse (5,40,3):	-0.4200
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.51

MA7:	2,647.64
MA20:	2,575.77
MA50:	2,503.55
MA100:	2,431.78
MAexp7:	2,646.81
MAexp20:	2,652.86
MAexp50:	2,657.14
MAexp100:	2,652.09
Price / MA7:	-0.25%
Price / MA20:	+2.54%
Price / MA50:	+5.49%
Price / MA100:	+8.61%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.44%
Price / MAexp50:	-0.60%
Price / MAexp100:	-0.41%

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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