GOLD - USD

5.65 USD (-2.59%)

03/25/2025 - 16:34 Closed Real time data - Gold & Silver Spot

Open:	5.90
Change:	-0.15
Volume:	9,957

Low:	5.60
High:	5.90
High / Low range:	0.30

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 12/27/2024 (GMT)

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12/27/2024 - 17:48
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Timeframe : Daily
- Analysis generated on 12/27/2024 - 17:48
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 2,672.68 USD

My targets

2,561.66 USD (-2.06%)

2,426.21 USD (-7.24%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2,672.68 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2,561.66 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2,426.21 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2,362.07 USD. Beware of a possible return to above the resistance located at 2,672.68 USD which would be a sign of a correction of the short-term bearish excesses registered.

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

2.9

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 Anaya121. 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 registered a decrease of -0.66% on the session and was traded between 2,611.63 USD and 2,638.39 USD over the period. The price is currently at +0.15% from its lowest and -0.86% from its highest.

2,611.63

2,638.39

2,615.66

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 several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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 slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,362.07	2,426.21	2,561.66	2,615.66	2,634.45	2,672.68	2,718.86
Change (%)	-9.70%	-7.24%	-2.06%	-	+0.72%	+2.18%	+3.95%
Change	-253.59	-189.45	-54.00	-	+18.79	+57.02	+103.20
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,578.65	2,595.14	2,605.41	2,621.90	2,632.17	2,648.66	2,658.93
Camarilla	2,608.32	2,610.77	2,613.23	2,615.68	2,618.13	2,620.59	2,623.04
Woodie	2,575.54	2,593.59	2,602.30	2,620.35	2,629.06	2,647.11	2,655.82
Fibonacci	2,595.14	2,605.36	2,611.68	2,621.90	2,632.12	2,638.44	2,648.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,571.84	2,590.01	2,602.84	2,621.01	2,633.84	2,652.01	2,664.84
Camarilla	2,607.16	2,610.00	2,612.84	2,615.68	2,618.52	2,621.36	2,624.21
Woodie	2,569.18	2,588.68	2,600.18	2,619.68	2,631.18	2,650.68	2,662.18
Fibonacci	2,590.01	2,601.85	2,609.17	2,621.01	2,632.85	2,640.17	2,652.01

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):	45.23
MACD (12,26,9):	-10.1600
Directional Movement:	-3.35
AROON (14):	-28.57
DEMA (21):	2,622.06
Parabolic SAR (0,02-0,02-0,2):	2,707.43
Elder Ray (13):	-3.78
Super Trend (3,10):	2,581.02
Zig ZAG (10):	2,615.79
VORTEX (21):	0.9900
Stochastique (14,3,5):	27.45
TEMA (21):	2,615.26
Williams %R (14):	-77.04
Chande Momentum Oscillator (20):	-103.97
Repulse (5,40,3):	-0.6100
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	2.94

MA7:	2,616.64
MA20:	2,640.80
MA50:	2,663.80
MA100:	2,618.48
MAexp7:	2,622.46
MAexp20:	2,634.45
MAexp50:	2,638.15
MAexp100:	2,594.15
Price / MA7:	-0.04%
Price / MA20:	-0.95%
Price / MA50:	-1.81%
Price / MA100:	-0.11%
Price / MAexp7:	-0.26%
Price / MAexp20:	-0.71%
Price / MAexp50:	-0.85%
Price / MAexp100:	+0.83%

Quotes : 12/27/2024 - 17:48 - 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:

12/27/2024 - 15:55 XAU/USD Weekly Forecast, Technical Analysis (Dec 30 - Jan 3): Gold Has a Tough Week
12/27/2024 - 14:54 XAU/USD Price Forecast Today, Technical Analysis (December 27): Gold Falls Again on Friday
12/26/2024 - 21:20 XAU/USD Price Forecast Today, Technical Analysis (December 26): Gold Advances to a Five-day High
12/26/2024 - 15:27 Gold (XAU/USD) Daily Price Forecast and Technical Analysis, December 26, 2024, #gold #xauusd #xau
12/26/2024 - 15:01 XAU/USD Price Forecast Today, Technical Analysis (December 26): Gold Rallies a Bit on Thursday

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

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