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GOLD - USD
GOLD - USD
923.34 USD (-1.30%)
04/03/2025 - 18:33 Open Real time data - Gold & Silver Spot
Open: 901.80
Change: -12.18
Volume: 2,193,831
Low: 900.47
High: 946.59
High / Low range: 46.12
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/18/2024 (GMT)

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  • 12/18/2024 - 13:45
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 12/18/2024 - 13:45
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 2,658.70 USD
My targets
2,634.03 USD (-0.35%)
2,624.01 USD (-0.73%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,658.70 USD. The next support located at 2,634.03 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,624.01 USD. Below this support, sellers could then target 2,613.54 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1

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.

andrewschembri007
This analysis was given by andrewschembri007. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,643.26 USD. The price is lower by -0.16% since the last closing and was between 2,641.22 USD and 2,651.82 USD. This implies that the price is at +0.08% from its lowest and at -0.32% from its highest.

2,641.22
2,651.82
2,643.26

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-15015304560January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,613.54 2,624.01 2,634.03 2,643.26 2,643.56 2,658.70 2,675.93
Change (%) -1.12% -0.73% -0.35% - +0.01% +0.58% +1.24%
Change -29.72 -19.25 -9.23 - +0.30 +15.44 +32.67
Level Minor Minor Major - 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
Standard2,608.432,620.742,634.092,646.402,659.752,672.062,685.41
Camarilla2,640.392,642.752,645.102,647.452,649.802,652.152,654.51
Woodie2,608.962,621.002,634.622,646.662,660.282,672.322,685.94
Fibonacci2,620.742,630.542,636.602,646.402,656.202,662.262,672.06


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 2.3.0Sell10
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 43.17
MACD (12,26,9): -0.7200
Directional Movement: -6.19
AROON (14): -85.71
DEMA (21): 2,645.09
Parabolic SAR (0,02-0,02-0,2): 2,650.89
Elder Ray (13): -3.32
Super Trend (3,10): 2,655.63
Zig ZAG (10): 2,643.92
VORTEX (21): 1.0500
Stochastique (14,3,5): 30.81
TEMA (21): 2,646.97
Williams %R (14): -48.59
Chande Momentum Oscillator (20): -4.42
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.01
MA7: 2,670.19
MA20: 2,655.41
MA50: 2,672.38
MA100: 2,605.04
MAexp7: 2,645.74
MAexp20: 2,646.11
MAexp50: 2,649.91
MAexp100: 2,657.09
Price / MA7: -1.01%
Price / MA20: -0.46%
Price / MA50: -1.09%
Price / MA100: +1.47%
Price / MAexp7: -0.10%
Price / MAexp20: -0.11%
Price / MAexp50: -0.25%
Price / MAexp100: -0.52%

Quotes : 12/18/2024 - 13:45 - Real time data - Gold & Silver Spot

News


Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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