GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 12/23/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Bullish above 2,598.01 USD

My targets

2,640.33 USD (+0.94%)

2,657.31 USD (+1.59%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GOLD - USD as long as the price remains well above 2,598.01 USD. The buyers' bullish objective is set at 2,640.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,657.31 USD. If there is any crossing, the next objective would be the resistance located at 2,682.65 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2,640.33 USD. On this resistance, against the trend traders who would like to go short on GOLD - USD with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

Additional analysis

Quotes

The GOLD - USD rating is 2,615.66 USD. The price is lower by -0.29% 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 +0.29% for the low point and -0.67% for the high point.

2,608.17

2,633.36

2,615.66

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

A study of price movements over other periods shows the following variations:

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 this 15 min. chart of GOLD - USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

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.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,561.66	2,583.24	2,600.26	2,615.66	2,618.19	2,634.20	2,672.68
Change (%)	-2.06%	-1.24%	-0.59%	-	+0.10%	+0.71%	+2.18%
Change	-54.00	-32.42	-15.40	-	+2.53	+18.54	+57.02
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Intermediate

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.17
MACD (12,26,9):	0.1300
Directional Movement:	5.86
AROON (14):	50.00
DEMA (21):	2,612.91
Parabolic SAR (0,02-0,02-0,2):	2,610.59
Elder Ray (13):	1.95
Super Trend (3,10):	2,616.55
Zig ZAG (10):	2,616.27
VORTEX (21):	1.0500
Stochastique (14,3,5):	85.39
TEMA (21):	2,614.60
Williams %R (14):	-16.38
Chande Momentum Oscillator (20):	4.88
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.22

MA7:	2,624.45
MA20:	2,644.49
MA50:	2,669.11
MA100:	2,609.87
MAexp7:	2,614.40
MAexp20:	2,613.25
MAexp50:	2,615.01
MAexp100:	2,616.52
Price / MA7:	-0.33%
Price / MA20:	-1.09%
Price / MA50:	-2.00%
Price / MA100:	+0.22%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.02%
Price / MAexp100:	-0.03%

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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