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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 - 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
11%
61%
28%
My opinion
Bearish under 2,634.03 USD
My targets
2,561.66 USD (-1.26%)
2,426.21 USD (-6.48%)
My analysis
The current short-term bearish acceleration registered on GOLD - USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2,634.03 USD. Short-term sellers will use the support located at 2,561.66 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 2,426.21 USD. Crossing this support would then open the door for sellers to target 2,362.07 USD. Caution, if there is a return to below 2,634.03 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

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
0
10
3.4

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.

philiptino88
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 price is 2,594.40 USD. On the day, this instrument gained +0.24% with the lowest point at 2,587.02 USD and the highest point at 2,626.53 USD. The deviation from the price is +0.29% for the low point and -1.22% for the high point.

2,587.02
2,626.53
2,594.40

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



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

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



The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

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 2,594.40 2,634.03 2,717.09 2,785.43
Change (%) -8.96% -6.48% -1.26% - +1.53% +4.73% +7.36%
Change -232.33 -168.19 -32.74 - +39.63 +122.69 +191.03
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): 40.47
MACD (12,26,9): -8.0700
Directional Movement: -8.58
AROON (14): -28.57
DEMA (21): 2,637.27
Parabolic SAR (0,02-0,02-0,2): 2,723.44
Elder Ray (13): -34.50
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,595.50
VORTEX (21): 0.9600
Stochastique (14,3,5): 14.10
TEMA (21): 2,629.77
Williams %R (14): -91.50
Chande Momentum Oscillator (20): -47.50
Repulse (5,40,3): -2.8200
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.37
MA7: 2,647.68
MA20: 2,648.95
MA50: 2,670.51
MA100: 2,605.98
MAexp7: 2,630.50
MAexp20: 2,645.89
MAexp50: 2,642.97
MAexp100: 2,591.14
Price / MA7: -2.01%
Price / MA20: -2.06%
Price / MA50: -2.85%
Price / MA100: -0.44%
Price / MAexp7: -1.37%
Price / MAexp20: -1.95%
Price / MAexp50: -1.84%
Price / MAexp100: +0.13%

Quotes : - 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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