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 12/20/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under

My targets

()

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on 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 . In case of crossing, the next objective would be the support located at . However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

5.4

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 Anaya121. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,599.56 USD. The price registered an increase of +0.23% on the session and was between 2,589.66 USD and 2,599.75 USD. This implies that the price is at +0.38% from its lowest and at -0.01% from its highest.

2,589.66

2,599.75

2,599.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 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. 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.

In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,362.07	2,426.21	2,561.66	2,599.56	2,634.03	2,651.64	2,676.29
Change (%)	-9.14%	-6.67%	-1.46%	-	+1.33%	+2.00%	+2.95%
Change	-237.49	-173.35	-37.90	-	+34.47	+52.08	+76.73
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,538.75	2,562.88	2,578.26	2,602.39	2,617.77	2,641.90	2,657.28
Camarilla	2,582.77	2,586.39	2,590.01	2,593.63	2,597.25	2,600.87	2,604.50
Woodie	2,534.37	2,560.69	2,573.88	2,600.20	2,613.39	2,639.71	2,652.90
Fibonacci	2,562.88	2,577.98	2,587.30	2,602.39	2,617.49	2,626.81	2,641.90

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):	35.65
MACD (12,26,9):	-6.3500
Directional Movement:	-4.49
AROON (14):	-28.57
DEMA (21):	2,590.86
Parabolic SAR (0,02-0,02-0,2):	2,607.23
Elder Ray (13):	-3.77
Super Trend (3,10):	2,611.55
Zig ZAG (10):	2,598.89
VORTEX (21):	0.8800
Stochastique (14,3,5):	22.62
TEMA (21):	2,592.01
Williams %R (14):	-61.58
Chande Momentum Oscillator (20):	1.18
Repulse (5,40,3):	0.1100
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	1.32

MA7:	2,630.14
MA20:	2,642.65
MA50:	2,669.30
MA100:	2,607.52
MAexp7:	2,595.06
MAexp20:	2,600.36
MAexp50:	2,614.05
MAexp100:	2,629.80
Price / MA7:	-1.16%
Price / MA20:	-1.63%
Price / MA50:	-2.61%
Price / MA100:	-0.31%
Price / MAexp7:	+0.17%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.55%
Price / MAexp100:	-1.15%

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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