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 12/24/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 2,619.04 USD

My targets

2,604.71 USD (-0.44%)

2,593.85 USD (-0.86%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 2,619.04 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,604.71 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,593.85 USD as an objective. Crossing it would then enable sellers to target 2,579.52 USD. If the resistance 2,619.04 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

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 price is 2,616.31 USD. The price registered an increase of +0.03% on the session and was traded between 2,611.38 USD and 2,621.56 USD over the period. The price is currently at +0.19% from its lowest and -0.20% from its highest.

2,611.38

2,621.56

2,616.31

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 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

A technical analysis in 15 min. of this GOLD - USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,561.66	2,583.24	2,608.10	2,616.31	2,634.20	2,672.68	2,700.25
Change (%)	-2.09%	-1.26%	-0.31%	-	+0.68%	+2.15%	+3.21%
Change	-54.65	-33.07	-8.21	-	+17.89	+56.37	+83.94
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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

Technical indicators

Moving averages

RSI (14):	47.67
MACD (12,26,9):	-0.7700
Directional Movement:	-3.87
AROON (14):	-78.57
DEMA (21):	2,613.86
Parabolic SAR (0,02-0,02-0,2):	2,615.69
Elder Ray (13):	-0.06
Super Trend (3,10):	2,619.16
Zig ZAG (10):	2,614.79
VORTEX (21):	0.9600
Stochastique (14,3,5):	56.16
TEMA (21):	2,613.53
Williams %R (14):	-27.39
Chande Momentum Oscillator (20):	1.95
Repulse (5,40,3):	0.0800
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.10

MA7:	2,619.23
MA20:	2,643.64
MA50:	2,668.20
MA100:	2,612.18
MAexp7:	2,614.18
MAexp20:	2,614.88
MAexp50:	2,615.84
MAexp100:	2,616.19
Price / MA7:	-0.11%
Price / MA20:	-1.03%
Price / MA50:	-1.94%
Price / MA100:	+0.16%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.02%
Price / MAexp100:	+0.01%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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