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 12/17/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under

My targets

()

My analysis

The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

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 rating is 2,640.09 USD. The price is lower by -0.44% since the last closing and was traded between 2,636.26 USD and 2,658.70 USD over the period. The price is currently at +0.15% from its lowest and -0.70% from its highest.

2,636.26

2,658.70

2,640.09

A study of price movements over other periods shows the following variations:

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 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 a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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	2,613.54	2,623.94	2,634.03	2,640.09	2,648.75	2,675.93	2,692.81
Change (%)	-1.01%	-0.61%	-0.23%	-	+0.33%	+1.36%	+2.00%
Change	-26.55	-16.15	-6.06	-	+8.66	+35.84	+52.72
Level	Intermediate	Minor	Major	-	Major	Major	Minor

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	2,621.14	2,632.35	2,642.06	2,653.27	2,662.98	2,674.19	2,683.90
Camarilla	2,646.03	2,647.95	2,649.86	2,651.78	2,653.70	2,655.62	2,657.53
Woodie	2,620.40	2,631.98	2,641.32	2,652.90	2,662.24	2,673.82	2,683.16
Fibonacci	2,632.35	2,640.34	2,645.28	2,653.27	2,661.26	2,666.20	2,674.19

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

Technical indicators

Moving averages

RSI (14):	31.86
MACD (12,26,9):	-4.5000
Directional Movement:	-18.25
AROON (14):	-71.43
DEMA (21):	2,644.24
Parabolic SAR (0,02-0,02-0,2):	2,653.52
Elder Ray (13):	-9.59
Super Trend (3,10):	2,655.13
Zig ZAG (10):	2,639.70
VORTEX (21):	0.8300
Stochastique (14,3,5):	8.11
TEMA (21):	2,643.67
Williams %R (14):	-85.29
Chande Momentum Oscillator (20):	-12.20
Repulse (5,40,3):	-0.2500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.67

MA7:	2,671.28
MA20:	2,655.40
MA50:	2,671.50
MA100:	2,602.96
MAexp7:	2,644.12
MAexp20:	2,649.48
MAexp50:	2,657.70
MAexp100:	2,665.20
Price / MA7:	-1.17%
Price / MA20:	-0.58%
Price / MA50:	-1.18%
Price / MA100:	+1.43%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.35%
Price / MAexp50:	-0.66%
Price / MAexp100:	-0.94%

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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