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 11/07/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

28%

My opinion

Bearish under 2,730.94 USD

My targets

2,671.31 USD (-0.55%)

2,652.44 USD (-1.25%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 2,730.94 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,671.31 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,652.44 USD as an objective. Crossing it would then enable sellers to target 2,608.46 USD. If the resistance 2,730.94 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

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 specialiste7. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,686.06 USD. The price registered an increase of +0.82% on the session with the lowest point at 2,643.45 USD and the highest point at 2,686.82 USD. The deviation from the price is +1.61% for the low point and -0.03% for the high point.

2,643.45

2,686.82

2,686.06

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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

A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,608.46	2,652.44	2,671.31	2,686.06	2,730.94	2,749.88	2,770.96
Change (%)	-2.89%	-1.25%	-0.55%	-	+1.67%	+2.38%	+3.16%
Change	-77.60	-33.62	-14.75	-	+44.88	+63.82	+84.90
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,530.51	2,591.48	2,627.80	2,688.77	2,725.09	2,786.06	2,822.38
Camarilla	2,637.38	2,646.29	2,655.21	2,664.13	2,673.05	2,681.97	2,690.89
Woodie	2,518.20	2,585.32	2,615.49	2,682.61	2,712.78	2,779.90	2,810.07
Fibonacci	2,591.48	2,628.64	2,651.60	2,688.77	2,725.93	2,748.89	2,786.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,644.67	2,684.69	2,710.10	2,750.12	2,775.53	2,815.55	2,840.96
Camarilla	2,717.52	2,723.52	2,729.51	2,735.51	2,741.51	2,747.51	2,753.50
Woodie	2,637.37	2,681.04	2,702.80	2,746.47	2,768.23	2,811.90	2,833.66
Fibonacci	2,684.69	2,709.68	2,725.13	2,750.12	2,775.11	2,790.56	2,815.55

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.92
MACD (12,26,9):	-6.6500
Directional Movement:	-2.97
AROON (14):	85.71
DEMA (21):	2,657.53
Parabolic SAR (0,02-0,02-0,2):	2,648.36
Elder Ray (13):	9.06
Super Trend (3,10):	2,682.90
Zig ZAG (10):	2,677.30
VORTEX (21):	1.0600
Stochastique (14,3,5):	95.56
TEMA (21):	2,663.59
Williams %R (14):	-5.82
Chande Momentum Oscillator (20):	27.21
Repulse (5,40,3):	0.4800
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	0.44

MA7:	2,726.95
MA20:	2,717.00
MA50:	2,639.82
MA100:	2,528.69
MAexp7:	2,667.84
MAexp20:	2,669.27
MAexp50:	2,689.45
MAexp100:	2,709.99
Price / MA7:	-1.50%
Price / MA20:	-1.14%
Price / MA50:	+1.75%
Price / MA100:	+6.22%
Price / MAexp7:	+0.68%
Price / MAexp20:	+0.63%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.88%

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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