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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 - 15 min. - Technical analysis published on 02/09/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 2,031.09 USD
My targets
2,041.99 USD (+0.39%)
2,049.65 USD (+0.77%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,031.09 USD. The buyers' bullish objective is set at 2,041.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,049.65 USD. If there is any crossing, the next objective would be the resistance located at 2,060.55 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8

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.

KBPRASAD
This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,033.97 USD. The price registered a decrease of -0.02% on the session with the lowest point at 2,031.95 USD and the highest point at 2,034.91 USD. The deviation from the price is +0.10% for the low point and -0.05% for the high point.

2,031.95
2,034.91
2,033.97

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 15 min. shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,014.89 2,023.15 2,030.81 2,033.97 2,038.86 2,044.61 2,049.28
Change (%) -0.94% -0.53% -0.16% - +0.24% +0.52% +0.75%
Change -19.08 -10.82 -3.16 - +4.89 +10.64 +15.31
Level Minor Minor Major - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,004.872,012.532,023.432,031.092,041.992,049.652,060.55
Camarilla2,029.232,030.932,032.632,034.332,036.032,037.732,039.43
Woodie2,006.492,013.342,025.052,031.902,043.612,050.462,062.17
Fibonacci2,012.532,019.622,024.002,031.092,038.182,042.562,049.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,970.761,994.872,017.252,041.362,063.742,087.852,110.23
Camarilla2,026.842,031.102,035.362,039.622,043.882,048.142,052.41
Woodie1,969.891,994.442,016.382,040.932,062.872,087.422,109.36
Fibonacci1,994.872,012.632,023.602,041.362,059.122,070.092,087.85


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,924.531,963.212,001.582,040.262,078.632,117.312,155.68
Camarilla2,018.762,025.822,032.892,039.952,047.012,054.082,061.14
Woodie1,924.381,963.132,001.432,040.182,078.482,117.232,155.53
Fibonacci1,963.211,992.642,010.832,040.262,069.692,087.882,117.31

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): 56.88
MACD (12,26,9): 0.5100
Directional Movement: 2.14
AROON (14): -50.00
DEMA (21): 2,034.00
Parabolic SAR (0,02-0,02-0,2): 2,035.23
Elder Ray (13): -0.23
Super Trend (3,10): 2,031.34
Zig ZAG (10): 2,033.25
VORTEX (21): 1.0300
Stochastique (14,3,5): 24.22
TEMA (21): 2,033.89
Williams %R (14): -51.44
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.05
MA7: 2,037.20
MA20: 2,030.89
MA50: 2,034.79
MA100: 1,988.35
MAexp7: 2,033.73
MAexp20: 2,033.29
MAexp50: 2,032.51
MAexp100: 2,032.57
Price / MA7: -0.16%
Price / MA20: +0.15%
Price / MA50: -0.04%
Price / MA100: +2.29%
Price / MAexp7: +0.01%
Price / MAexp20: +0.03%
Price / MAexp50: +0.07%
Price / MAexp100: +0.07%

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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Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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