GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

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

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

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

0.7

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

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.

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:

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:

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:

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	2,362.07	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
Standard	2,454.05	2,529.66	2,570.12	2,645.73	2,686.19	2,761.80	2,802.26
Camarilla	2,578.66	2,589.30	2,599.94	2,610.58	2,621.22	2,631.86	2,642.50
Woodie	2,436.48	2,520.87	2,552.55	2,636.94	2,668.62	2,753.01	2,784.69
Fibonacci	2,529.66	2,574.00	2,601.39	2,645.73	2,690.07	2,717.46	2,761.80

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 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

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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