GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 07/12/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

39%

22%

My opinion

Bearish under 2,436.56 USD

My targets

2,383.45 USD (-0.80%)

2,350.91 USD (-2.15%)

My analysis

In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 2,436.56 USD, a sale could be considered. The first bearish objective is located at 2,383.45 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,350.91 USD as an objective. Crossing it would then enable sellers to target 2,330.34 USD. If the price were to return above 2,436.56 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.9

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

Additional analysis

Quotes

The GOLD - USD price is 2,402.60 USD. The price is lower by -0.55% since the last closing with the lowest point at 2,398.35 USD and the highest point at 2,416.35 USD. The deviation from the price is +0.18% for the low point and -0.57% for the high point.

2,398.35

2,416.35

2,402.60

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 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 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 bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Black evening star

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,349.06	2,369.57	2,392.98	2,402.60	2,426.21
Change (%)	-2.23%	-1.37%	-0.40%	-	+0.98%
Change	-53.54	-33.03	-9.62	-	+23.61
Level	Intermediate	Intermediate	Minor	-	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,330.34	2,350.91	2,383.45	2,404.02	2,436.56	2,457.13	2,489.67
Camarilla	2,401.39	2,406.25	2,411.12	2,415.99	2,420.86	2,425.73	2,430.60
Woodie	2,336.33	2,353.90	2,389.44	2,407.01	2,442.55	2,460.12	2,495.66
Fibonacci	2,350.91	2,371.20	2,383.73	2,404.02	2,424.31	2,436.84	2,457.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,267.84	2,293.19	2,342.28	2,367.63	2,416.72	2,442.07	2,491.16
Camarilla	2,370.90	2,377.72	2,384.55	2,391.37	2,398.19	2,405.02	2,411.84
Woodie	2,279.71	2,299.13	2,354.15	2,373.57	2,428.59	2,448.01	2,503.03
Fibonacci	2,293.19	2,321.63	2,339.19	2,367.63	2,396.07	2,413.63	2,442.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,178.80	2,232.79	2,279.78	2,333.77	2,380.76	2,434.75	2,481.74
Camarilla	2,299.00	2,308.26	2,317.51	2,326.77	2,336.03	2,345.28	2,354.54
Woodie	2,175.30	2,231.04	2,276.28	2,332.02	2,377.26	2,433.00	2,478.24
Fibonacci	2,232.79	2,271.36	2,295.20	2,333.77	2,372.34	2,396.18	2,434.75

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):	40.28
MACD (12,26,9):	-1.6000
Directional Movement:	-15.56
AROON (14):	-50.00
DEMA (21):	2,401.51
Parabolic SAR (0,02-0,02-0,2):	2,405.75
Elder Ray (13):	-1.34
Super Trend (3,10):	2,407.93
Zig ZAG (10):	2,401.04
VORTEX (21):	0.9200
Stochastique (14,3,5):	32.10
TEMA (21):	2,401.01
Williams %R (14):	-70.10
Chande Momentum Oscillator (20):	-5.30
Repulse (5,40,3):	0.0300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.24

MA7:	2,380.91
MA20:	2,347.68
MA50:	2,347.95
MA100:	2,291.57
MAexp7:	2,402.00
MAexp20:	2,403.74
MAexp50:	2,405.62
MAexp100:	2,402.93
Price / MA7:	+0.91%
Price / MA20:	+2.34%
Price / MA50:	+2.33%
Price / MA100:	+4.85%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.01%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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