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 11/27/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2,672.68 USD

My targets

2,619.61 USD (-0.77%)

2,605.27 USD (-1.32%)

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 2,672.68 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,619.61 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 2,605.27 USD as an objective. Crossing it would then enable sellers to target 2,576.12 USD. If the resistance 2,672.68 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 sentiment is not called into question, despite technical indicators being neutral.

Force

3.8

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

Additional analysis

Quotes

The GOLD - USD rating is 2,640.03 USD. The price registered an increase of +0.29% on the session and was between 2,627.09 USD and 2,658.28 USD. This implies that the price is at +0.49% from its lowest and at -0.69% from its highest.

2,627.09

2,658.28

2,640.03

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 for higher/lower results shows the following items:

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 67.86% 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.

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:

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	2,576.12	2,605.27	2,619.61	2,640.03	2,641.34	2,672.68	2,688.78
Change (%)	-2.42%	-1.32%	-0.77%	-	+0.05%	+1.24%	+1.85%
Change	-63.91	-34.76	-20.42	-	+1.31	+32.65	+48.75
Level	Minor	Intermediate	Major	-	Major	Intermediate	Minor

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	2,580.08	2,594.41	2,613.35	2,627.68	2,646.62	2,660.95	2,679.89
Camarilla	2,623.15	2,626.20	2,629.25	2,632.30	2,635.35	2,638.40	2,641.45
Woodie	2,582.40	2,595.56	2,615.67	2,628.83	2,648.94	2,662.10	2,682.21
Fibonacci	2,594.41	2,607.12	2,614.97	2,627.68	2,640.39	2,648.24	2,660.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,459.22	2,510.78	2,613.30	2,664.86	2,767.38	2,818.94	2,921.46
Camarilla	2,673.45	2,687.57	2,701.70	2,715.82	2,729.94	2,744.07	2,758.19
Woodie	2,484.70	2,523.52	2,638.78	2,677.60	2,792.86	2,831.68	2,946.94
Fibonacci	2,510.78	2,569.64	2,606.00	2,664.86	2,723.72	2,760.08	2,818.94

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):	49.19
MACD (12,26,9):	2.9300
Directional Movement:	-10.22
AROON (14):	-28.57
DEMA (21):	2,646.84
Parabolic SAR (0,02-0,02-0,2):	2,657.38
Elder Ray (13):	-5.62
Super Trend (3,10):	2,633.45
Zig ZAG (10):	2,641.37
VORTEX (21):	1.0600
Stochastique (14,3,5):	28.24
TEMA (21):	2,650.34
Williams %R (14):	-74.75
Chande Momentum Oscillator (20):	-1.22
Repulse (5,40,3):	-0.0600
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	0.82

MA7:	2,650.94
MA20:	2,655.61
MA50:	2,668.02
MA100:	2,568.79
MAexp7:	2,645.02
MAexp20:	2,642.99
MAexp50:	2,642.89
MAexp100:	2,645.05
Price / MA7:	-0.41%
Price / MA20:	-0.59%
Price / MA50:	-1.05%
Price / MA100:	+2.77%
Price / MAexp7:	-0.19%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.19%

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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