GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/27/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under

My targets

()

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.6

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

GOLD - USD rating 2,613.91 USD. The price is lower by -0.73% since the last closing with the lowest point at 2,611.63 USD and the highest point at 2,638.39 USD. The deviation from the price is +0.09% for the low point and -0.93% for the high point.

2,611.63

2,638.39

2,613.91

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

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner for higher/lower results shows the following items:

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 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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	2,608.13	2,613.91	2,621.70	2,634.45	2,642.46
Change (%)	-2.00%	-1.17%	-0.22%	-	+0.30%	+0.79%	+1.09%
Change	-52.25	-30.67	-5.78	-	+7.79	+20.54	+28.55
Level	Intermediate	Minor	Minor	-	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	2,577.46	2,594.55	2,604.22	2,621.31	2,630.98	2,648.07	2,657.74
Camarilla	2,606.54	2,608.99	2,611.45	2,613.90	2,616.35	2,618.81	2,621.26
Woodie	2,573.76	2,592.70	2,600.52	2,619.46	2,627.28	2,646.22	2,654.04
Fibonacci	2,594.55	2,604.77	2,611.08	2,621.31	2,631.53	2,637.84	2,648.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,570.66	2,589.41	2,601.66	2,620.41	2,632.66	2,651.41	2,663.66
Camarilla	2,605.38	2,608.22	2,611.06	2,613.90	2,616.74	2,619.58	2,622.43
Woodie	2,567.40	2,587.79	2,598.40	2,618.79	2,629.40	2,649.79	2,660.40
Fibonacci	2,589.41	2,601.26	2,608.57	2,620.41	2,632.26	2,639.57	2,651.41

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):	35.25
MACD (12,26,9):	-3.3800
Directional Movement:	-16.17
AROON (14):	-50.00
DEMA (21):	2,619.20
Parabolic SAR (0,02-0,02-0,2):	2,623.72
Elder Ray (13):	-3.90
Super Trend (3,10):	2,631.40
Zig ZAG (10):	2,613.31
VORTEX (21):	0.8500
Stochastique (14,3,5):	22.48
TEMA (21):	2,615.36
Williams %R (14):	-94.02
Chande Momentum Oscillator (20):	-12.93
Repulse (5,40,3):	-0.2700
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	1.06

MA7:	2,616.42
MA20:	2,640.68
MA50:	2,663.76
MA100:	2,618.45
MAexp7:	2,618.44
MAexp20:	2,622.90
MAexp50:	2,624.40
MAexp100:	2,624.36
Price / MA7:	-0.10%
Price / MA20:	-1.01%
Price / MA50:	-1.87%
Price / MA100:	-0.17%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.34%
Price / MAexp50:	-0.40%
Price / MAexp100:	-0.40%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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