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 12/23/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

11%

50%

39%

My opinion

Neutral between 2,600.26 USD and 2,634.20 USD

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bearish trend on GOLD - USD. It is difficult to advise a trading direction under these conditions. The first support is located at 2,600.26 USD. The first resistance is located at 2,634.20 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

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

Additional analysis

Quotes

GOLD - USD rating 2,619.58 USD. The price is lower by -0.14% since the last closing with the lowest point at 2,613.07 USD and the highest point at 2,633.36 USD. The deviation from the price is +0.25% for the low point and -0.52% for the high point.

2,613.07

2,633.36

2,619.58

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 study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,583.24	2,600.26	2,618.19	2,619.58	2,634.20	2,672.68	2,692.38
Change (%)	-1.39%	-0.74%	-0.05%	-	+0.56%	+2.03%	+2.78%
Change	-36.34	-19.32	-1.39	-	+14.62	+53.10	+72.80
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Minor

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
Standard	2,555.69	2,572.67	2,598.01	2,614.99	2,640.33	2,657.31	2,682.65
Camarilla	2,611.70	2,615.58	2,619.46	2,623.34	2,627.22	2,631.10	2,634.98
Woodie	2,559.86	2,574.76	2,602.18	2,617.08	2,644.50	2,659.40	2,686.82
Fibonacci	2,572.67	2,588.84	2,598.83	2,614.99	2,631.16	2,641.15	2,657.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,501.67	2,542.45	2,582.90	2,623.68	2,664.13	2,704.91	2,745.36
Camarilla	2,601.00	2,608.45	2,615.89	2,623.34	2,630.79	2,638.23	2,645.68
Woodie	2,501.50	2,542.37	2,582.73	2,623.60	2,663.96	2,704.83	2,745.19
Fibonacci	2,542.45	2,573.48	2,592.65	2,623.68	2,654.71	2,673.88	2,704.91

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

Technical indicators

Moving averages

RSI (14):	49.25
MACD (12,26,9):	1.7900
Directional Movement:	-3.71
AROON (14):	-28.57
DEMA (21):	2,624.52
Parabolic SAR (0,02-0,02-0,2):	2,631.51
Elder Ray (13):	-4.92
Super Trend (3,10):	2,614.04
Zig ZAG (10):	2,618.82
VORTEX (21):	0.9800
Stochastique (14,3,5):	18.73
TEMA (21):	2,623.47
Williams %R (14):	-73.63
Chande Momentum Oscillator (20):	-2.07
Repulse (5,40,3):	-0.0200
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.19

MA7:	2,624.80
MA20:	2,644.70
MA50:	2,669.19
MA100:	2,609.91
MAexp7:	2,620.55
MAexp20:	2,621.19
MAexp50:	2,618.41
MAexp100:	2,624.24
Price / MA7:	-0.20%
Price / MA20:	-0.95%
Price / MA50:	-1.86%
Price / MA100:	+0.37%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.07%
Price / MAexp50:	+0.04%
Price / MAexp100:	-0.18%

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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