GOLD - USD - 15 min. - Technical analysis published on 05/06/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 2,299.59 USD
My targets
2,342.98 USD (+0.85%)
2,365.23 USD (+1.81%)
My analysis
The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,299.59 USD. Crossing the first resistance at 2,342.98 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2,365.23 USD as an objective. Crossing it would then enable buyers to target 2,390.13 USD. Caution, a return to below 2,299.59 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The GOLD - USD price is 2,323.17 USD. On the day, this instrument gained +0.98% and was traded between 2,291.86 USD and 2,332.02 USD over the period. The price is currently at +1.37% from its lowest and -0.38% from its highest.2,291.86
2,332.02
2,323.17
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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 this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,281.63 | 2,305.17 | 2,320.36 | 2,323.17 | 2,336.02 | 2,352.61 | 2,390.13 |
Change (%) | -1.79% | -0.77% | -0.12% | - | +0.55% | +1.27% | +2.88% |
Change | -41.54 | -18.00 | -2.81 | - | +12.85 | +29.44 | +66.96 |
Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,235.06 | 2,256.20 | 2,278.45 | 2,299.59 | 2,321.84 | 2,342.98 | 2,365.23 |
Camarilla | 2,288.77 | 2,292.75 | 2,296.72 | 2,300.70 | 2,304.68 | 2,308.66 | 2,312.63 |
Woodie | 2,235.62 | 2,256.48 | 2,279.01 | 2,299.87 | 2,322.40 | 2,343.26 | 2,365.79 |
Fibonacci | 2,256.20 | 2,272.78 | 2,283.02 | 2,299.59 | 2,316.17 | 2,326.41 | 2,342.98 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,200.35 | 2,238.85 | 2,269.77 | 2,308.27 | 2,339.19 | 2,377.69 | 2,408.61 |
Camarilla | 2,281.61 | 2,287.97 | 2,294.34 | 2,300.70 | 2,307.06 | 2,313.43 | 2,319.79 |
Woodie | 2,196.57 | 2,236.96 | 2,265.99 | 2,306.38 | 2,335.41 | 2,375.80 | 2,404.83 |
Fibonacci | 2,238.85 | 2,265.37 | 2,281.75 | 2,308.27 | 2,334.79 | 2,351.17 | 2,377.69 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,999.72 | 2,114.12 | 2,202.75 | 2,317.15 | 2,405.78 | 2,520.18 | 2,608.81 |
Camarilla | 2,235.55 | 2,254.16 | 2,272.77 | 2,291.38 | 2,309.99 | 2,328.60 | 2,347.21 |
Woodie | 1,986.84 | 2,107.68 | 2,189.87 | 2,310.71 | 2,392.90 | 2,513.74 | 2,595.93 |
Fibonacci | 2,114.12 | 2,191.68 | 2,239.59 | 2,317.15 | 2,394.71 | 2,442.62 | 2,520.18 |
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): | 50.04 | |
MACD (12,26,9): | 1.7800 | |
Directional Movement: | 4.57 | |
AROON (14): | 42.85 | |
DEMA (21): | 2,324.65 | |
Parabolic SAR (0,02-0,02-0,2): | 2,331.51 | |
Elder Ray (13): | -2.30 | |
Super Trend (3,10): | 2,314.75 | |
Zig ZAG (10): | 2,321.21 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 36.80 | |
TEMA (21): | 2,324.00 | |
Williams %R (14): | -66.36 | |
Chande Momentum Oscillator (20): | 4.27 | |
Repulse (5,40,3): | -0.2000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.46 |
MA7: | 2,316.04 | |
MA20: | 2,341.57 | |
MA50: | 2,240.94 | |
MA100: | 2,137.02 | |
MAexp7: | 2,323.33 | |
MAexp20: | 2,322.17 | |
MAexp50: | 2,317.59 | |
MAexp100: | 2,312.55 | |
Price / MA7: | +0.31% | |
Price / MA20: | -0.79% | |
Price / MA50: | +3.67% | |
Price / MA100: | +8.71% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +0.04% | |
Price / MAexp50: | +0.24% | |
Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold Daily Forecast and Technical Analysis for May 6, by Chris Lewis, #XAUUSD, #FXEmpire #gold
- Gold Daily Forecast and Technical Analysis for May 06, 2024, by Chris Lewis for FX Empire
- Gold Star families fall victim to Army-appointed ‘con man’
- Gold Long Term Forecast for May 5, by Chris Lewis, for #fxempire #trading #gold #xauusd
- Gold Daily Forecast and Technical Analysis for May 03, 2024 by Bruce Powers, CMT, FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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