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 - Daily - Technical analysis published on 12/19/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under
My targets
()
()
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GOLD - USD as long as the price remains well below . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . If there is any crossing, the next objective would be the support located at .

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9

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.

This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GOLD - USD rating is 2,617.90 USD. The price registered an increase of +1.15% on the session with the lowest point at 2,588.01 USD and the highest point at 2,622.71 USD. The deviation from the price is +1.15% for the low point and -0.18% for the high point.

2,588.01
2,622.71
2,617.90

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GOLD - USD chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,362.07 2,426.21 2,561.66 2,617.90 2,634.03 2,717.09 2,785.43
Change (%) -9.77% -7.32% -2.15% - +0.62% +3.79% +6.40%
Change -255.83 -191.69 -56.24 - +16.13 +99.19 +167.53
Level Minor Minor Intermediate - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,495.132,539.182,563.712,607.762,632.292,676.342,700.87
Camarilla2,569.372,575.662,581.942,588.232,594.522,600.802,607.09
Woodie2,485.362,534.302,553.942,602.882,622.522,671.462,691.10
Fibonacci2,539.182,565.382,581.572,607.762,633.962,650.152,676.34


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

Technical indicators
Moving averages

RSI (14): 43.90
MACD (12,26,9): -6.6000
Directional Movement: -8.71
AROON (14): -28.57
DEMA (21): 2,640.45
Parabolic SAR (0,02-0,02-0,2): 2,723.44
Elder Ray (13): -40.70
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,612.91
VORTEX (21): 0.9600
Stochastique (14,3,5): 18.03
TEMA (21): 2,634.03
Williams %R (14): -79.33
Chande Momentum Oscillator (20): -29.91
Repulse (5,40,3): -1.2000
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.09
MA7: 2,650.89
MA20: 2,649.87
MA50: 2,670.89
MA100: 2,606.17
MAexp7: 2,635.03
MAexp20: 2,647.80
MAexp50: 2,643.72
MAexp100: 2,591.52
Price / MA7: -1.24%
Price / MA20: -1.21%
Price / MA50: -1.98%
Price / MA100: +0.45%
Price / MAexp7: -0.65%
Price / MAexp20: -1.13%
Price / MAexp50: -0.97%
Price / MAexp100: +1.02%

Quotes : - Real time data - Gold & Silver Spot

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

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