Free PHLX Gold/Silver Index (XAU) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
24 Dec / Daily
Category/Currency
Indexes/USD
Exchange/Country
NIM/--

PHLX Gold/Silver Index (XAU) signal with technical analysis on 24 Dec

On 24 Dec, we conducted a comprehensive technical analysis of PHLX Gold/Silver Index (XAU), considering 256 signals with intricate details. Here are the key findings: 25 signals suggested buy strategies, while 143 indicated sell strategies. The remaining 88 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 13
Sell Signals: 26
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 7
Sell Signals: 35
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 5
Sell Signals: 38
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 0
Sell Signals: 44
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 25
Sell Signals: 143
Neutral Signals: 88
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your PHLX Gold/Silver Index (XAU) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for PHLX Gold/Silver Index (XAU) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
PHLX Gold/Silver Index (XAU) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
PHLX Gold/Silver Index (XAU) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 5.19% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **PHLX Gold/Silver Index (XAU)** holdings.

PHLX Gold/Silver Index (XAU) Price Analysis and Support Levels:

In our current PHLX Gold/Silver Index (XAU) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 134.34 We are closely monitoring the price at the first support level of 134.34, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 132.51 If the first support level at 134.34 is broken, the second support level at 132.51 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 130.92 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 130.92 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading PHLX Gold/Silver Index (XAU). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

PHLX Gold/Silver Index (XAU) technical analysis chart

PHLX Gold/Silver Index (XAU) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 152.02 158.46 175.94 -- --
Support 134.34 132.51 130.92 115.03 102.6
 PHLX Gold/Silver Index (XAU) Support and Resistance area (24 Dec)

PHLX Gold/Silver Index (XAU) signals list for 24 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

PHLX Gold/Silver Index (XAU) candlestick patterns on 24 Dec

Today's PHLX Gold/Silver Index (XAU) Candle Patterns List:

Hammer

PHLX Gold/Silver Index (XAU) technical analysis over the past days

# Date Overal Signals ALL Signals
1 23 Dec Hold HoldHoldHoldHold
2 20 Dec Hold HoldHoldHoldHold
3 19 Dec Hold HoldHoldHoldHold
4 18 Dec Hold HoldHoldHoldHold
5 17 Dec Hold HoldHoldHoldHold
6 16 Dec Hold HoldHoldHoldHold
7 13 Dec Sell SellSellNeutralSell
8 12 Dec Hold NeutralHoldHoldHold
9 11 Dec Hold HoldHoldHoldHold
10 10 Dec Hold HoldHoldHoldNeutral
11 09 Dec Buy BuyBuyBuyNeutral
12 06 Dec Sell SellSellSellSell
13 05 Dec Neutral HoldNeutralNeutralNeutral
14 04 Dec Hold HoldHoldNeutralNeutral
15 03 Dec Buy BuyBuyBuyNeutral
16 02 Dec Sell SellSellSellHold
17 29 Nov Hold NeutralNeutralNeutralHold
18 27 Nov Hold HoldNeutralNeutralHold
19 26 Nov Hold HoldNeutralHoldHold
20 25 Nov Sell SellNeutralNeutralHold
21 22 Nov Hold HoldHoldNeutralHold
22 21 Nov Hold HoldNeutralNeutralHold
23 20 Nov Hold HoldNeutralHoldHold
24 19 Nov Hold HoldNeutralHoldHold
25 18 Nov Buy BuyHoldHoldHold
26 15 Nov Hold HoldHoldHoldHold
27 14 Nov Hold HoldHoldHoldHold
28 13 Nov Hold HoldHoldHoldHold
29 12 Nov Hold HoldHoldHoldHold
30 11 Nov Hold HoldHoldHoldHold

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