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 12/13/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 2,694.07 USD

My targets

2,661.84 USD (-0.78%)

2,642.97 USD (-1.48%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,694.07 USD. The sellers' bearish objective is set at 2,661.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,642.97 USD. In case of crossing, the next objective would be the support located at 2,610.74 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

6.8

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 2,682.73 USD. The price registered an increase of +0.08% on the session and was traded between 2,678.99 USD and 2,692.81 USD over the period. The price is currently at +0.14% from its lowest and -0.37% from its highest.

2,678.99

2,692.81

2,682.73

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 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

Technical analysis of GOLD - USD in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : 15 minutes

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : 15 minutes

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,632.97	2,657.10	2,676.07	2,682.73	2,695.67	2,704.52	2,716.43
Change (%)	-1.85%	-0.96%	-0.25%	-	+0.48%	+0.81%	+1.26%
Change	-49.76	-25.63	-6.66	-	+12.94	+21.79	+33.70
Level	Intermediate	Intermediate	Intermediate	-	Minor	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	2,610.74	2,642.97	2,661.84	2,694.07	2,712.94	2,745.17	2,764.04
Camarilla	2,666.66	2,671.34	2,676.03	2,680.71	2,685.39	2,690.08	2,694.76
Woodie	2,604.06	2,639.63	2,655.16	2,690.73	2,706.26	2,741.83	2,757.36
Fibonacci	2,642.97	2,662.49	2,674.55	2,694.07	2,713.59	2,725.65	2,745.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,556.87	2,585.21	2,610.04	2,638.38	2,663.21	2,691.55	2,716.38
Camarilla	2,620.26	2,625.13	2,630.01	2,634.88	2,639.75	2,644.63	2,649.50
Woodie	2,555.13	2,584.33	2,608.30	2,637.50	2,661.47	2,690.67	2,714.64
Fibonacci	2,585.21	2,605.52	2,618.07	2,638.38	2,658.69	2,671.24	2,691.55

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.66
MACD (12,26,9):	-0.6700
Directional Movement:	-12.69
AROON (14):	-14.28
DEMA (21):	2,685.21
Parabolic SAR (0,02-0,02-0,2):	2,689.40
Elder Ray (13):	-1.49
Super Trend (3,10):	2,692.35
Zig ZAG (10):	2,684.20
VORTEX (21):	0.9500
Stochastique (14,3,5):	28.20
TEMA (21):	2,684.67
Williams %R (14):	-68.14
Chande Momentum Oscillator (20):	-2.85
Repulse (5,40,3):	0.0300
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.21

MA7:	2,672.88
MA20:	2,654.95
MA50:	2,671.66
MA100:	2,598.31
MAexp7:	2,684.64
MAexp20:	2,685.75
MAexp50:	2,687.09
MAexp100:	2,691.15
Price / MA7:	+0.37%
Price / MA20:	+1.05%
Price / MA50:	+0.41%
Price / MA100:	+3.25%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.31%

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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