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 12/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 2,634.05 USD

My targets

2,605.27 USD (-0.81%)

2,561.40 USD (-2.48%)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GOLD - USD as long as the price remains well below 2,634.05 USD. The next bearish objective for sellers is set at 2,605.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,561.40 USD. In case of crossing, the next objective would be the support located at 2,426.21 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.3

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

Additional analysis

Quotes

The GOLD - USD price is 2,626.50 USD. The price is lower by -0.90% since the last closing and was traded between 2,622.96 USD and 2,666.71 USD over the period. The price is currently at +0.13% from its lowest and -1.51% from its highest.

2,622.96

2,666.71

2,626.50

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

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

A technical analysis in 1H of this GOLD - USD chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,561.40	2,605.27	2,620.98	2,626.50	2,634.05	2,650.09	2,672.68
Change (%)	-2.48%	-0.81%	-0.21%	-	+0.29%	+0.90%	+1.76%
Change	-65.10	-21.23	-5.52	-	+7.55	+23.59	+46.18
Level	Minor	Minor	Intermediate	-	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	2,601.76	2,617.91	2,634.09	2,650.24	2,666.42	2,682.57	2,698.75
Camarilla	2,641.37	2,644.33	2,647.30	2,650.26	2,653.22	2,656.19	2,659.15
Woodie	2,601.77	2,617.92	2,634.10	2,650.25	2,666.43	2,682.58	2,698.76
Fibonacci	2,617.91	2,630.26	2,637.89	2,650.24	2,662.59	2,670.22	2,682.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,480.50	2,542.89	2,596.57	2,658.96	2,712.64	2,775.03	2,828.71
Camarilla	2,618.34	2,628.98	2,639.62	2,650.26	2,660.90	2,671.54	2,682.18
Woodie	2,476.16	2,540.71	2,592.23	2,656.78	2,708.30	2,772.85	2,824.37
Fibonacci	2,542.89	2,587.23	2,614.62	2,658.96	2,703.30	2,730.69	2,775.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,311.93	2,424.40	2,537.33	2,649.80	2,762.73	2,875.20	2,988.13
Camarilla	2,588.28	2,608.94	2,629.60	2,650.26	2,670.92	2,691.58	2,712.25
Woodie	2,312.16	2,424.52	2,537.56	2,649.92	2,762.96	2,875.32	2,988.36
Fibonacci	2,424.40	2,510.50	2,563.70	2,649.80	2,735.90	2,789.10	2,875.20

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):	30.81
MACD (12,26,9):	-2.7700
Directional Movement:	-7.56
AROON (14):	-14.29
DEMA (21):	2,647.25
Parabolic SAR (0,02-0,02-0,2):	2,664.96
Elder Ray (13):	-13.78
Super Trend (3,10):	2,659.14
Zig ZAG (10):	2,630.65
VORTEX (21):	0.8400
Stochastique (14,3,5):	21.80
TEMA (21):	2,641.49
Williams %R (14):	-82.83
Chande Momentum Oscillator (20):	-29.47
Repulse (5,40,3):	-0.5300
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	1.34

MA7:	2,644.94
MA20:	2,640.64
MA50:	2,669.65
MA100:	2,575.45
MAexp7:	2,641.72
MAexp20:	2,649.01
MAexp50:	2,648.03
MAexp100:	2,646.31
Price / MA7:	-0.70%
Price / MA20:	-0.54%
Price / MA50:	-1.62%
Price / MA100:	+1.98%
Price / MAexp7:	-0.58%
Price / MAexp20:	-0.85%
Price / MAexp50:	-0.81%
Price / MAexp100:	-0.75%

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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