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 12/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

17%

50%

My opinion

Bearish under 2,658.70 USD

My targets

2,634.03 USD (-0.45%)

2,624.01 USD (-0.83%)

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 2,658.70 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 2,658.70 USD. The next bearish objective for sellers is set at 2,634.03 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,624.01 USD. In case of crossing, the next objective would be the support located at 2,613.54 USD. PS: if there is a bullish break in the resistance located at 2,658.70 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 neutral, but do not change the general bearish opinion of this analysis.

Force

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

GOLD - USD rating 2,646.01 USD. The price is lower by -0.05% since the last closing and was between 2,642.18 USD and 2,651.82 USD. This implies that the price is at +0.14% from its lowest and at -0.22% from its highest.

2,642.18

2,651.82

2,646.01

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

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:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,624.01	2,634.03	2,643.56	2,646.01	2,658.70	2,675.93	2,704.52
Change (%)	-0.83%	-0.45%	-0.09%	-	+0.48%	+1.13%	+2.21%
Change	-22.00	-11.98	-2.45	-	+12.69	+29.92	+58.51
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,608.43	2,620.74	2,634.09	2,646.40	2,659.75	2,672.06	2,685.41
Camarilla	2,640.39	2,642.75	2,645.10	2,647.45	2,649.80	2,652.15	2,654.51
Woodie	2,608.96	2,621.00	2,634.62	2,646.66	2,660.28	2,672.32	2,685.94
Fibonacci	2,620.74	2,630.54	2,636.60	2,646.40	2,656.20	2,662.26	2,672.06

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.18
MACD (12,26,9):	-0.5700
Directional Movement:	-3.46
AROON (14):	-50.00
DEMA (21):	2,645.03
Parabolic SAR (0,02-0,02-0,2):	2,651.82
Elder Ray (13):	-0.96
Super Trend (3,10):	2,657.65
Zig ZAG (10):	2,644.50
VORTEX (21):	1.0600
Stochastique (14,3,5):	37.33
TEMA (21):	2,646.52
Williams %R (14):	-76.04
Chande Momentum Oscillator (20):	0.77
Repulse (5,40,3):	-0.0700
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.27

MA7:	2,670.13
MA20:	2,655.62
MA50:	2,672.48
MA100:	2,605.08
MAexp7:	2,645.85
MAexp20:	2,646.56
MAexp50:	2,650.83
MAexp100:	2,658.33
Price / MA7:	-0.90%
Price / MA20:	-0.36%
Price / MA50:	-0.99%
Price / MA100:	+1.57%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.46%

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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