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 12/30/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

39%

My opinion

Bearish under 2,672.68 USD

My targets

2,561.66 USD (-2.30%)

2,426.21 USD (-7.47%)

My analysis

The strong short-term decrease of GOLD - USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 2,672.68 USD, a sale could be considered. The first bearish objective is located at 2,561.66 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2,426.21 USD. If there is any crossing, the next objective would be support 2,362.07 USD. Caution, if there is a return to above 2,672.68 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.3

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,622.04 USD. On the day, this instrument gained +0.13% and was between 2,618.60 USD and 2,628.18 USD. This implies that the price is at +0.13% from its lowest and at -0.23% from its highest.

2,618.60

2,628.18

2,622.04

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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	2,622.04	2,634.45	2,672.68	2,718.86
Change (%)	-9.91%	-7.47%	-2.30%	-	+0.47%	+1.93%	+3.69%
Change	-259.97	-195.83	-60.38	-	+12.41	+50.64	+96.82
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	2,580.67	2,596.15	2,607.43	2,622.91	2,634.19	2,649.67	2,660.95
Camarilla	2,611.35	2,613.80	2,616.26	2,618.71	2,621.16	2,623.62	2,626.07
Woodie	2,578.57	2,595.10	2,605.33	2,621.86	2,632.09	2,648.62	2,658.85
Fibonacci	2,596.15	2,606.37	2,612.69	2,622.91	2,633.13	2,639.45	2,649.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,573.86	2,591.02	2,604.86	2,622.02	2,635.86	2,653.02	2,666.86
Camarilla	2,610.19	2,613.03	2,615.87	2,618.71	2,621.55	2,624.39	2,627.24
Woodie	2,572.21	2,590.19	2,603.21	2,621.19	2,634.21	2,652.19	2,665.21
Fibonacci	2,591.02	2,602.86	2,610.18	2,622.02	2,633.86	2,641.18	2,653.02

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):	46.51
MACD (12,26,9):	-9.8500
Directional Movement:	-2.90
AROON (14):	-28.57
DEMA (21):	2,622.82
Parabolic SAR (0,02-0,02-0,2):	2,707.43
Elder Ray (13):	-6.03
Super Trend (3,10):	2,581.02
Zig ZAG (10):	2,621.97
VORTEX (21):	1.0000
Stochastique (14,3,5):	28.88
TEMA (21):	2,616.22
Williams %R (14):	-72.89
Chande Momentum Oscillator (20):	-97.99
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	2.87

MA7:	2,617.53
MA20:	2,641.12
MA50:	2,663.93
MA100:	2,618.54
MAexp7:	2,623.36
MAexp20:	2,634.96
MAexp50:	2,638.39
MAexp100:	2,594.28
Price / MA7:	+0.17%
Price / MA20:	-0.72%
Price / MA50:	-1.57%
Price / MA100:	+0.13%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.49%
Price / MAexp50:	-0.62%
Price / MAexp100:	+1.07%

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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