GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under

My targets

()

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at , traders with an aggressive trading strategy could consider a sale. A cross of the support located at would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . If the resistance were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.9

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,659.67 USD. The price has increased by +0.34% since the last closing and was traded between 2,643.55 USD and 2,664.47 USD over the period. The price is currently at +0.61% from its lowest and -0.18% from its highest.

2,643.55

2,664.47

2,659.67

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 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 GOLD - USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,632.65	2,645.35	2,657.10	2,659.67	2,675.93	2,692.81	2,716.43
Change (%)	-1.02%	-0.54%	-0.10%	-	+0.61%	+1.25%	+2.13%
Change	-27.02	-14.32	-2.57	-	+16.26	+33.14	+56.76
Level	Intermediate	Minor	Intermediate	-	Intermediate	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	2,586.79	2,616.45	2,633.50	2,663.16	2,680.21	2,709.87	2,726.92
Camarilla	2,637.72	2,642.00	2,646.28	2,650.56	2,654.84	2,659.12	2,663.41
Woodie	2,580.50	2,613.30	2,627.21	2,660.01	2,673.92	2,706.72	2,720.63
Fibonacci	2,616.45	2,634.29	2,645.31	2,663.16	2,681.00	2,692.02	2,709.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,511.22	2,569.39	2,609.97	2,668.14	2,708.72	2,766.89	2,807.47
Camarilla	2,623.40	2,632.46	2,641.51	2,650.56	2,659.61	2,668.66	2,677.72
Woodie	2,502.44	2,564.99	2,601.19	2,663.74	2,699.94	2,762.49	2,798.69
Fibonacci	2,569.39	2,607.11	2,630.41	2,668.14	2,705.86	2,729.16	2,766.89

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

Technical indicators

Moving averages

RSI (14):	52.98
MACD (12,26,9):	-2.5400
Directional Movement:	1.01
AROON (14):	85.72
DEMA (21):	2,654.10
Parabolic SAR (0,02-0,02-0,2):	2,652.78
Elder Ray (13):	3.21
Super Trend (3,10):	2,668.38
Zig ZAG (10):	2,663.52
VORTEX (21):	1.0400
Stochastique (14,3,5):	89.68
TEMA (21):	2,658.21
Williams %R (14):	-8.22
Chande Momentum Oscillator (20):	9.07
Repulse (5,40,3):	0.1000
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.48

MA7:	2,672.10
MA20:	2,655.67
MA50:	2,671.37
MA100:	2,600.79
MAexp7:	2,659.46
MAexp20:	2,659.14
MAexp50:	2,668.47
MAexp100:	2,673.15
Price / MA7:	-0.47%
Price / MA20:	+0.15%
Price / MA50:	-0.44%
Price / MA100:	+2.26%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.02%
Price / MAexp50:	-0.33%
Price / MAexp100:	-0.50%

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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