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

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  • 12/16/2024 - 13:37
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  • Timeframe : 1H
  • - Analysis generated on 12/16/2024 - 13:37
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 2,675.93 USD
My targets
2,645.35 USD (-0.55%)
2,632.65 USD (-1.03%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,675.93 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,675.93 USD. The next bearish objective for sellers is set at 2,645.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,632.65 USD. In case of crossing, the next objective would be the support located at 2,623.94 USD. PS: if there is a bullish break in the resistance located at 2,675.93 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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
10
0.9

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.

Anasabbas1991
This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,660.10 USD. The price registered an increase of +0.36% on the session and was traded between 2,643.55 USD and 2,664.47 USD over the period. The price is currently at +0.63% from its lowest and -0.16% from its highest.

2,643.55
2,664.47
2,660.10

Here is a more detailed summary of the historical variations registered by GOLD - USD:
Created with Raphaël 2.3.0-15015304560January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently 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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,632.65 2,645.35 2,657.10 2,660.10 2,675.93 2,692.81 2,716.43
Change (%) -1.03% -0.55% -0.11% - +0.60% +1.23% +2.12%
Change -27.45 -14.75 -3.00 - +15.83 +32.71 +56.33
Level Intermediate Minor Intermediate - Intermediate Minor Intermediate



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
Standard2,586.792,616.452,633.502,663.162,680.212,709.872,726.92
Camarilla2,637.722,642.002,646.282,650.562,654.842,659.122,663.41
Woodie2,580.502,613.302,627.212,660.012,673.922,706.722,720.63
Fibonacci2,616.452,634.292,645.312,663.162,681.002,692.022,709.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,511.222,569.392,609.972,668.142,708.722,766.892,807.47
Camarilla2,623.402,632.462,641.512,650.562,659.612,668.662,677.72
Woodie2,502.442,564.992,601.192,663.742,699.942,762.492,798.69
Fibonacci2,569.392,607.112,630.412,668.142,705.862,729.162,766.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,311.932,424.402,537.332,649.802,762.732,875.202,988.13
Camarilla2,588.282,608.942,629.602,650.262,670.922,691.582,712.25
Woodie2,312.162,424.522,537.562,649.922,762.962,875.322,988.36
Fibonacci2,424.402,510.502,563.702,649.802,735.902,789.102,875.20

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Buy13
Moving averages
Created with Raphaël 2.3.0Sell21

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: -0.45%
Price / MA20: +0.17%
Price / MA50: -0.42%
Price / MA100: +2.28%
Price / MAexp7: +0.02%
Price / MAexp20: +0.04%
Price / MAexp50: -0.31%
Price / MAexp100: -0.49%

Quotes : 12/16/2024 - 13:37 - 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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Londinia AI

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