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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 12/23/2024 (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%
67%
17%
My opinion
Bearish under 2,634.20 USD
My targets
2,561.66 USD (-1.87%)
2,426.21 USD (-7.06%)
My analysis
The strong short-term decrease of GOLD - USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 2,634.20 USD, a sale could be considered. The first bearish objective is located at 2,561.66 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2,426.21 USD. If there is any crossing, the next objective would be support 2,362.07 USD. Caution, if there is a return to above 2,634.20 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds 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.

Anasabbas1991
This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,610.47 USD. The price is lower by -0.49% since the last closing with the lowest point at 2,608.17 USD and the highest point at 2,633.36 USD. The deviation from the price is +0.09% for the low point and -0.87% for the high point.

2,608.17
2,633.36
2,610.47

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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 for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily



In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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 : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,362.07 2,426.21 2,561.66 2,610.47 2,634.20 2,672.68 2,718.86
Change (%) -9.52% -7.06% -1.87% - +0.91% +2.38% +4.15%
Change -248.40 -184.26 -48.81 - +23.73 +62.21 +108.39
Level Minor Minor Intermediate - Intermediate Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,555.692,572.672,598.012,614.992,640.332,657.312,682.65
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 44.01
MACD (12,26,9): -10.3800
Directional Movement: -6.40
AROON (14): -28.57
DEMA (21): 2,628.93
Parabolic SAR (0,02-0,02-0,2): 2,717.89
Elder Ray (13): -13.71
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,610.32
VORTEX (21): 0.9300
Stochastique (14,3,5): 17.96
TEMA (21): 2,619.82
Williams %R (14): -81.60
Chande Momentum Oscillator (20): -24.28
Repulse (5,40,3): -1.3800
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 1.14
MA7: 2,623.60
MA20: 2,644.23
MA50: 2,669.00
MA100: 2,609.82
MAexp7: 2,623.88
MAexp20: 2,640.47
MAexp50: 2,640.91
MAexp100: 2,592.00
Price / MA7: -0.50%
Price / MA20: -1.28%
Price / MA50: -2.19%
Price / MA100: +0.02%
Price / MAexp7: -0.51%
Price / MAexp20: -1.14%
Price / MAexp50: -1.15%
Price / MAexp100: +0.71%

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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Londinia
Londinia AI

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