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 12/24/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

67%

28%

My opinion

Neutral between 2,608.10 USD and 2,634.20 USD

My targets

My analysis

There is no basic trend on GOLD - USD and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 2,634.20 USD. The nearest support is located at 2,608.10 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are bullish in the very short term and could soon allow change to a bullish 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 citytraderuk. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,618.10 USD. The price registered an increase of +0.10% on the session and was traded between 2,613.55 USD and 2,621.56 USD over the period. The price is currently at +0.17% from its lowest and -0.13% from its highest.

2,613.55

2,621.56

2,618.10

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 an element:

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 not clearly defined. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,561.66	2,583.24	2,608.10	2,618.10	2,634.20	2,672.68	2,700.25
Change (%)	-2.16%	-1.33%	-0.38%	-	+0.61%	+2.08%	+3.14%
Change	-56.44	-34.86	-10.00	-	+16.10	+54.58	+82.15
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,579.52	2,593.85	2,604.71	2,619.04	2,629.90	2,644.23	2,655.09
Camarilla	2,608.65	2,610.96	2,613.27	2,615.58	2,617.89	2,620.20	2,622.51
Woodie	2,577.80	2,592.98	2,602.99	2,618.17	2,628.18	2,643.36	2,653.37
Fibonacci	2,593.85	2,603.47	2,609.41	2,619.04	2,628.66	2,634.60	2,644.23

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.23
MACD (12,26,9):	0.3800
Directional Movement:	3.63
AROON (14):	100.00
DEMA (21):	2,617.90
Parabolic SAR (0,02-0,02-0,2):	2,610.55
Elder Ray (13):	2.34
Super Trend (3,10):	2,627.18
Zig ZAG (10):	2,620.19
VORTEX (21):	0.9200
Stochastique (14,3,5):	85.13
TEMA (21):	2,617.64
Williams %R (14):	-12.22
Chande Momentum Oscillator (20):	9.37
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.29

MA7:	2,619.93
MA20:	2,643.89
MA50:	2,668.30
MA100:	2,612.23
MAexp7:	2,618.43
MAexp20:	2,617.51
MAexp50:	2,617.14
MAexp100:	2,622.08
Price / MA7:	-0.07%
Price / MA20:	-0.98%
Price / MA50:	-1.88%
Price / MA100:	+0.22%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.04%
Price / MAexp100:	-0.15%

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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