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 11/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 2,770.96 USD

My targets

2,731.59 USD (-0.72%)

2,724.56 USD (-0.98%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,770.96 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,770.96 USD. The next bearish objective for sellers is set at 2,731.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,724.56 USD. In case of crossing, the next objective would be the support located at 2,717.08 USD. PS: if there is a bullish break in the resistance located at 2,770.96 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.5

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 2,751.46 USD. The price has increased by +0.17% since the last closing with the lowest point at 2,744.83 USD and the highest point at 2,757.74 USD. The deviation from the price is +0.24% for the low point and -0.23% for the high point.

2,744.83

2,757.74

2,751.46

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

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. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral 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.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,724.56	2,731.59	2,748.81	2,751.46	2,758.26	2,770.96	2,790.04
Change (%)	-0.98%	-0.72%	-0.10%	-	+0.25%	+0.71%	+1.40%
Change	-26.90	-19.87	-2.65	-	+6.80	+19.50	+38.58
Level	Minor	Intermediate	Minor	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,663.63	2,697.61	2,722.18	2,756.16	2,780.73	2,814.71	2,839.28
Camarilla	2,730.65	2,736.02	2,741.38	2,746.75	2,752.12	2,757.48	2,762.85
Woodie	2,658.93	2,695.26	2,717.48	2,753.81	2,776.03	2,812.36	2,834.58
Fibonacci	2,697.61	2,719.98	2,733.79	2,756.16	2,778.53	2,792.34	2,814.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,669.21	2,689.02	2,718.89	2,738.70	2,768.57	2,788.38	2,818.25
Camarilla	2,735.11	2,739.66	2,744.22	2,748.77	2,753.32	2,757.88	2,762.43
Woodie	2,674.25	2,691.54	2,723.93	2,741.22	2,773.61	2,790.90	2,823.29
Fibonacci	2,689.02	2,707.99	2,719.72	2,738.70	2,757.67	2,769.40	2,788.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,449.76	2,526.52	2,636.63	2,713.39	2,823.50	2,900.26	3,010.37
Camarilla	2,695.36	2,712.49	2,729.62	2,746.75	2,763.88	2,781.01	2,798.14
Woodie	2,466.45	2,534.86	2,653.32	2,721.73	2,840.19	2,908.60	3,027.06
Fibonacci	2,526.52	2,597.90	2,642.00	2,713.39	2,784.77	2,828.87	2,900.26

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):	46.32
MACD (12,26,9):	-3.1000
Directional Movement:	-4.37
AROON (14):	57.14
DEMA (21):	2,747.69
Parabolic SAR (0,02-0,02-0,2):	2,757.23
Elder Ray (13):	0.85
Super Trend (3,10):	2,762.26
Zig ZAG (10):	2,752.80
VORTEX (21):	1.2000
Stochastique (14,3,5):	59.68
TEMA (21):	2,749.65
Williams %R (14):	-29.82
Chande Momentum Oscillator (20):	8.84
Repulse (5,40,3):	0.1700
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.51

MA7:	2,755.52
MA20:	2,702.06
MA50:	2,625.07
MA100:	2,514.02
MAexp7:	2,752.20
MAexp20:	2,752.95
MAexp50:	2,759.23
MAexp100:	2,758.29
Price / MA7:	-0.15%
Price / MA20:	+1.83%
Price / MA50:	+4.81%
Price / MA100:	+9.44%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.28%
Price / MAexp100:	-0.25%

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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