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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 - Daily - Technical analysis published on 12/31/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2,672.68 USD
My targets
2,561.66 USD (-2.08%)
2,426.21 USD (-7.26%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GOLD - USD as long as the price remains well below 2,672.68 USD. The next bearish objective for sellers is set at 2,561.66 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,426.21 USD. In case of crossing, the next objective would be the support located at 2,362.07 USD.

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
0
10
3.2

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.

philiptino88
This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GOLD - USD rating 2,616.07 USD. The price registered an increase of +0.35% on the session with the lowest point at 2,602.66 USD and the highest point at 2,617.93 USD. The deviation from the price is +0.52% for the low point and -0.07% for the high point.

2,602.66
2,617.93
2,616.07

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

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.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,426.21 2,561.66 2,608.88 2,616.07 2,672.68 2,718.86 2,785.43
Change (%) -7.26% -2.08% -0.27% - +2.16% +3.93% +6.47%
Change -189.86 -54.41 -7.19 - +56.61 +102.79 +169.36
Level Minor Intermediate Intermediate - Minor Major Major



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

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 45.05
MACD (12,26,9): -11.3100
Directional Movement: -5.70
AROON (14): -28.57
DEMA (21): 2,617.84
Parabolic SAR (0,02-0,02-0,2): 2,704.95
Elder Ray (13): -14.90
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,612.98
VORTEX (21): 0.9600
Stochastique (14,3,5): 20.86
TEMA (21): 2,610.59
Williams %R (14): -78.22
Chande Momentum Oscillator (20): -66.40
Repulse (5,40,3): -0.2600
ROCnROLL: 2
TRIX (15,9): -0.0500
Courbe Coppock: 3.45
MA7: 2,618.29
MA20: 2,638.90
MA50: 2,661.45
MA100: 2,619.76
MAexp7: 2,618.20
MAexp20: 2,631.57
MAexp50: 2,636.82
MAexp100: 2,594.34
Price / MA7: -0.08%
Price / MA20: -0.87%
Price / MA50: -1.71%
Price / MA100: -0.14%
Price / MAexp7: -0.08%
Price / MAexp20: -0.59%
Price / MAexp50: -0.78%
Price / MAexp100: +0.84%

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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Londinia
Londinia AI

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