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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 12/31/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 2,621.67 USD
My targets
2,603.69 USD (-0.42%)
2,596.10 USD (-0.71%)
My analysis
In a bearish trend, the price of GOLD - USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 2,621.67 USD. A bearish break in the support located at 2,603.69 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 2,596.10 USD. Then 2,587.02 USD by extension. It would be safer to wait for a bearish break in the support located at 2,603.69 USD before allowing yourself to re trade short positions (for sale) on GOLD - USD. PS: if there is a bullish break in the resistance located at 2,621.67 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5

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.

Noreir
This analysis was given by Noreir. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 2,614.59 USD. The price has increased by +0.30% since the last closing and was between 2,602.66 USD and 2,615.10 USD. This implies that the price is at +0.46% from its lowest and at -0.02% from its highest.

2,602.66
2,615.10
2,614.59

Here is a more detailed summary of the historical variations registered by GOLD - USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour


Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour


Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,596.10 2,603.69 2,608.88 2,614.59 2,621.67 2,633.36 2,638.91
Change (%) -0.71% -0.42% -0.22% - +0.27% +0.72% +0.93%
Change -18.49 -10.90 -5.71 - +7.08 +18.77 +24.32
Level Major Minor Intermediate - Minor Minor Intermediate



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
Standard2,560.492,578.292,592.572,610.372,624.652,642.452,656.73
Camarilla2,598.022,600.962,603.902,606.842,609.782,612.722,615.66
Woodie2,558.722,577.412,590.802,609.492,622.882,641.572,654.96
Fibonacci2,578.292,590.552,598.122,610.372,622.632,630.202,642.45


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,573.862,591.022,604.862,622.022,635.862,653.022,666.86
Camarilla2,610.192,613.032,615.872,618.712,621.552,624.392,627.24
Woodie2,572.212,590.192,603.212,621.192,634.212,652.192,665.21
Fibonacci2,591.022,602.862,610.182,622.022,633.862,641.182,653.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,311.932,424.402,537.332,649.802,762.732,875.202,988.13
Camarilla2,588.282,608.942,629.602,650.262,670.922,691.582,712.25
Woodie2,312.162,424.522,537.562,649.922,762.962,875.322,988.36
Fibonacci2,424.402,510.502,563.702,649.802,735.902,789.102,875.20

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): 54.05
MACD (12,26,9): -1.5300
Directional Movement: -0.57
AROON (14): 21.43
DEMA (21): 2,606.88
Parabolic SAR (0,02-0,02-0,2): 2,601.34
Elder Ray (13): 4.91
Super Trend (3,10): 2,619.53
Zig ZAG (10): 2,614.46
VORTEX (21): 1.0300
Stochastique (14,3,5): 88.04
TEMA (21): 2,608.68
Williams %R (14): -1.38
Chande Momentum Oscillator (20): 7.16
Repulse (5,40,3): 0.3400
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.19
MA7: 2,618.42
MA20: 2,638.91
MA50: 2,661.46
MA100: 2,619.77
MAexp7: 2,610.04
MAexp20: 2,609.59
MAexp50: 2,614.05
MAexp100: 2,617.81
Price / MA7: -0.15%
Price / MA20: -0.92%
Price / MA50: -1.76%
Price / MA100: -0.20%
Price / MAexp7: +0.17%
Price / MAexp20: +0.19%
Price / MAexp50: +0.02%
Price / MAexp100: -0.12%

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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Londinia
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