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 10/04/2024 (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

17%

61%

22%

My opinion

Bearish under 2,655.15 USD

My targets

2,638.41 USD (-0.39%)

2,624.88 USD (-0.90%)

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 2,655.15 USD. The next support located at 2,638.41 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 2,624.88 USD. Below this support, sellers could then target 2,559.28 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

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

Additional analysis

Quotes

The GOLD - USD price is 2,648.61 USD. The price is lower by -0.27% since the last closing and was traded between 2,632.06 USD and 2,667.91 USD over the period. The price is currently at +0.63% from its lowest and -0.72% from its highest.

2,632.06

2,667.91

2,648.61

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 1H shows an overall bearish trend. 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. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

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

In fact, 11 technical indicators on 18 studied are currently 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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,559.28	2,624.88	2,638.41	2,648.61	2,649.84	2,655.15	2,663.14
Change (%)	-3.37%	-0.90%	-0.39%	-	+0.05%	+0.25%	+0.55%
Change	-89.33	-23.73	-10.20	-	+1.23	+6.54	+14.53
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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	2,617.23	2,627.82	2,641.83	2,652.42	2,666.43	2,677.02	2,691.03
Camarilla	2,649.08	2,651.33	2,653.59	2,655.84	2,658.10	2,660.35	2,662.61
Woodie	2,618.94	2,628.68	2,643.54	2,653.28	2,668.14	2,677.88	2,692.74
Fibonacci	2,627.82	2,637.22	2,643.02	2,652.42	2,661.82	2,667.62	2,677.02

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	2,296.16	2,384.02	2,509.87	2,597.73	2,723.58	2,811.44	2,937.29
Camarilla	2,576.94	2,596.53	2,616.12	2,635.71	2,655.30	2,674.89	2,694.48
Woodie	2,315.15	2,393.52	2,528.86	2,607.23	2,742.57	2,820.94	2,956.28
Fibonacci	2,384.02	2,465.66	2,516.10	2,597.73	2,679.37	2,729.81	2,811.44

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):	31.88
MACD (12,26,9):	-0.0700
Directional Movement:	-20.22
AROON (14):	-50.00
DEMA (21):	2,657.21
Parabolic SAR (0,02-0,02-0,2):	2,667.26
Elder Ray (13):	-7.03
Super Trend (3,10):	2,668.77
Zig ZAG (10):	2,638.65
VORTEX (21):	0.9000
Stochastique (14,3,5):	28.42
TEMA (21):	2,656.08
Williams %R (14):	-99.22
Chande Momentum Oscillator (20):	-19.87
Repulse (5,40,3):	-1.1900
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.05

MA7:	2,653.82
MA20:	2,606.23
MA50:	2,524.66
MA100:	2,442.50
MAexp7:	2,653.37
MAexp20:	2,656.69
MAexp50:	2,655.48
MAexp100:	2,653.74
Price / MA7:	-0.20%
Price / MA20:	+1.63%
Price / MA50:	+4.91%
Price / MA100:	+8.44%
Price / MAexp7:	-0.18%
Price / MAexp20:	-0.30%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.19%

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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