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 - Daily - Technical analysis published on 11/26/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
33%
33%
33%
My opinion
Bearish under 2,672.68 USD
My targets
2,608.46 USD (-0.90%)
2,525.34 USD (-4.06%)
My analysis
The strong short-term decline in GOLD - USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2,672.68 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 2,608.46 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,525.34 USD as an objective. Crossing it would then enable sellers to target 2,362.07 USD. Be careful, a return to above 2,672.68 USD could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.7

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 citytraderuk. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,632.15 USD. On the day, this instrument gained +0.83% and was traded between 2,608.73 USD and 2,642.00 USD over the period. The price is currently at +0.90% from its lowest and -0.37% from its highest.

2,608.73
2,642.00
2,632.15

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GOLD - USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central 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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,362.07 2,525.34 2,608.46 2,632.15 2,672.68 2,721.33 2,785.43
Change (%) -10.26% -4.06% -0.90% - +1.54% +3.39% +5.82%
Change -270.08 -106.81 -23.69 - +40.53 +89.18 +153.28
Level Intermediate Intermediate Major - Intermediate Intermediate Major



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
Standard2,454.052,529.662,570.122,645.732,686.192,761.802,802.26
Camarilla2,578.662,589.302,599.942,610.582,621.222,631.862,642.50
Woodie2,436.482,520.872,552.552,636.942,668.622,753.012,784.69
Fibonacci2,529.662,574.002,601.392,645.732,690.072,717.462,761.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,459.222,510.782,613.302,664.862,767.382,818.942,921.46
Camarilla2,673.452,687.572,701.702,715.822,729.942,744.072,758.19
Woodie2,484.702,523.522,638.782,677.602,792.862,831.682,946.94
Fibonacci2,510.782,569.642,606.002,664.862,723.722,760.082,818.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,449.762,526.522,636.632,713.392,823.502,900.263,010.37
Camarilla2,695.362,712.492,729.622,746.752,763.882,781.012,798.14
Woodie2,466.452,534.862,653.322,721.732,840.192,908.603,027.06
Fibonacci2,526.522,597.902,642.002,713.392,784.772,828.872,900.26

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 46.55
MACD (12,26,9): -10.7600
Directional Movement: -6.75
AROON (14): -42.86
DEMA (21): 2,640.79
Parabolic SAR (0,02-0,02-0,2): 2,580.26
Elder Ray (13): -19.83
Super Trend (3,10): 2,574.83
Zig ZAG (10): 2,627.26
VORTEX (21): 0.8800
Stochastique (14,3,5): 56.00
TEMA (21): 2,619.67
Williams %R (14): -49.95
Chande Momentum Oscillator (20): -57.64
Repulse (5,40,3): -1.2300
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 5.64
MA7: 2,646.30
MA20: 2,662.67
MA50: 2,666.31
MA100: 2,566.06
MAexp7: 2,640.55
MAexp20: 2,652.53
MAexp50: 2,638.75
MAexp100: 2,568.95
Price / MA7: -0.53%
Price / MA20: -1.15%
Price / MA50: -1.28%
Price / MA100: +2.58%
Price / MAexp7: -0.32%
Price / MAexp20: -0.77%
Price / MAexp50: -0.25%
Price / MAexp100: +2.46%

Quotes : - Real time data - Gold & Silver Spot

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

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