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GOLD - USD
GOLD - USD
1.2911 USD (-0.42%)
03/21/2025 - 21:02 Open Real time data - Gold & Silver Spot
Open: 1.2965
Change: -0.0054
Volume: 136,292
Low: 1.2888
High: 1.2970
High / Low range: 0.0082
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/23/2024 (GMT)

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  • 12/23/2024 - 15:22
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Londinia
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  • Timeframe : 1H
  • - Analysis generated on 12/23/2024 - 15:22
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 2,634.20 USD
My targets
2,600.26 USD (-0.52%)
2,583.24 USD (-1.17%)
My analysis
All elements being rather 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 2,634.20 USD. The next bearish objective for sellers is set at 2,600.26 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,583.24 USD. If there is any crossing, the next objective would be the support located at 2,561.66 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

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
4.5

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.

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

Additional analysis

Quotes

The GOLD - USD price is 2,613.74 USD. On the day, this instrument lost -0.37% and was between 2,610.54 USD and 2,633.36 USD. This implies that the price is at +0.12% from its lowest and at -0.75% from its highest.

2,610.54
2,633.36
2,613.74

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



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-150153045January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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 bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,561.66 2,583.24 2,600.26 2,613.74 2,618.19 2,634.20 2,672.68
Change (%) -1.99% -1.17% -0.52% - +0.17% +0.78% +2.26%
Change -52.08 -30.50 -13.48 - +4.45 +20.46 +58.94
Level Intermediate Intermediate Major - 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
Standard2,555.692,572.672,598.012,614.992,640.332,657.312,682.65
Camarilla2,611.702,615.582,619.462,623.342,627.222,631.102,634.98
Woodie2,559.862,574.762,602.182,617.082,644.502,659.402,686.82
Fibonacci2,572.672,588.842,598.832,614.992,631.162,641.152,657.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,501.672,542.452,582.902,623.682,664.132,704.912,745.36
Camarilla2,601.002,608.452,615.892,623.342,630.792,638.232,645.68
Woodie2,501.502,542.372,582.732,623.602,663.962,704.832,745.19
Fibonacci2,542.452,573.482,592.652,623.682,654.712,673.882,704.91


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 2.3.0Sell9
Moving averages
Created with Raphaël 2.3.0Sell19

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: -0.42%
Price / MA20: -1.17%
Price / MA50: -2.08%
Price / MA100: +0.15%
Price / MAexp7: -0.26%
Price / MAexp20: -0.28%
Price / MAexp50: -0.18%
Price / MAexp100: -0.40%

Quotes : 12/23/2024 - 15:22 - 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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Londinia
Londinia AI

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