GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 12/24/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

39%

44%

My opinion

Bearish under

My targets

()

My analysis

The current short-term bearish acceleration registered on GOLD - USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below . Short-term sellers will use the support located at as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at . Crossing this support would then open the door for sellers to target . Caution, if there is a return to below , it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

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

2.5

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 2,616.67 USD. The price has increased by +0.04% since the last closing with the lowest point at 2,613.20 USD and the highest point at 2,621.56 USD. The deviation from the price is +0.13% for the low point and -0.19% for the high point.

2,613.20

2,621.56

2,616.67

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

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 Daily chart of GOLD - USD indicates that the overall trend is not clearly defined. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,362.07	2,426.21	2,561.66	2,616.67	2,634.20	2,672.68	2,718.86
Change (%)	-9.73%	-7.28%	-2.10%	-	+0.67%	+2.14%	+3.91%
Change	-254.60	-190.46	-55.01	-	+17.53	+56.01	+102.19
Level	Minor	Minor	Intermediate	-	Intermediate	Intermediate	Major

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	2,579.52	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	45.21
MACD (12,26,9):	-10.5300
Directional Movement:	-6.30
AROON (14):	-28.57
DEMA (21):	2,626.75
Parabolic SAR (0,02-0,02-0,2):	2,715.19
Elder Ray (13):	-15.36
Super Trend (3,10):	2,581.02
Zig ZAG (10):	2,617.57
VORTEX (21):	1.0100
Stochastique (14,3,5):	24.87
TEMA (21):	2,618.15
Williams %R (14):	-76.12
Chande Momentum Oscillator (20):	-17.34
Repulse (5,40,3):	-0.5600
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.62

MA7:	2,619.63
MA20:	2,643.72
MA50:	2,668.24
MA100:	2,612.20
MAexp7:	2,623.27
MAexp20:	2,638.72
MAexp50:	2,640.20
MAexp100:	2,592.54
Price / MA7:	-0.11%
Price / MA20:	-1.02%
Price / MA50:	-1.93%
Price / MA100:	+0.17%
Price / MAexp7:	-0.25%
Price / MAexp20:	-0.84%
Price / MAexp50:	-0.89%
Price / MAexp100:	+0.93%

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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