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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 12/29/2023 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Strongly bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 2,073.30 USD
My targets
2,058.09 USD (-0.49%)
2,049.37 USD (-0.91%)
My analysis
With a strongly bearish trend, the price of GOLD - USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,073.30 USD remains possible. It would be possible for traders to only trade short positions (for sale) on GOLD - USD as long as the price remains well below 2,073.30 USD. The next bearish objective for sellers is set at 2,058.09 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,049.37 USD. In case of crossing, the next objective would be the support located at 2,034.16 USD.

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
10
3.2

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.

bccartwright
This analysis was given by bccartwright. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,068.12 USD. The price registered an increase of +0.06% on the session and was traded between 2,066.11 USD and 2,071.47 USD over the period. The price is currently at +0.10% from its lowest and -0.16% from its highest.

2,066.11
2,071.47
2,068.12

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.

Central Gaps

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:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,045.49 2,054.81 2,065.21 2,068.12 2,071.45 2,081.19 2,088.34
Change (%) -1.09% -0.64% -0.14% - +0.16% +0.63% +0.98%
Change -22.63 -13.31 -2.91 - +3.33 +13.07 +20.22
Level Major Minor Minor - Major Minor Minor



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
Standard2,034.162,049.372,058.092,073.302,082.022,097.232,105.95
Camarilla2,060.222,062.412,064.612,066.802,068.992,071.192,073.38
Woodie2,030.912,047.752,054.842,071.682,078.772,095.612,102.70
Fibonacci2,049.372,058.522,064.162,073.302,082.452,088.092,097.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,035.352,040.212,042.632,047.492,049.912,054.772,057.19
Camarilla2,043.062,043.732,044.392,045.062,045.732,046.402,047.06
Woodie2,034.142,039.602,041.422,046.882,048.702,054.162,055.98
Fibonacci2,040.212,042.992,044.712,047.492,050.272,051.992,054.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

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): 49.73
MACD (12,26,9): -0.2000
Directional Movement: -0.94
AROON (14): 64.29
DEMA (21): 2,068.05
Parabolic SAR (0,02-0,02-0,2): 2,071.41
Elder Ray (13): -0.03
Super Trend (3,10): 2,070.87
Zig ZAG (10): 2,069.32
VORTEX (21): 1.0800
Stochastique (14,3,5): 57.91
TEMA (21): 2,069.41
Williams %R (14): -32.46
Chande Momentum Oscillator (20): 3.08
Repulse (5,40,3): 0.0200
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.27
MA7: 2,061.97
MA20: 2,035.93
MA50: 2,009.00
MA100: 1,957.52
MAexp7: 2,068.75
MAexp20: 2,068.64
MAexp50: 2,070.63
MAexp100: 2,072.76
Price / MA7: +0.30%
Price / MA20: +1.58%
Price / MA50: +2.94%
Price / MA100: +5.65%
Price / MAexp7: -0.03%
Price / MAexp20: -0.03%
Price / MAexp50: -0.12%
Price / MAexp100: -0.22%

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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Londinia
Londinia AI

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