GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 05/09/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

67%

28%

My opinion

Bearish under 2,318.98 USD

My targets

2,301.26 USD (-0.42%)

2,293.66 USD (-0.75%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,318.98 USD. The next bearish objective for sellers is set at 2,301.26 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,293.66 USD. If there is any crossing, the next objective would be the support located at 2,283.54 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.9

Comment on the analysis

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.

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

Additional analysis

Quotes

GOLD - USD rating 2,310.88 USD. On the day, this instrument gained +0.09% and was traded between 2,307.57 USD and 2,319.83 USD over the period. The price is currently at +0.14% from its lowest and -0.39% from its highest.

2,307.57

2,319.83

2,310.88

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

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner for higher/lower results shows the following items:

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 GOLD - USD in 15 min. shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,291.38	2,303.78	2,309.80	2,310.88	2,321.12	2,328.42	2,336.02
Change (%)	-0.84%	-0.31%	-0.05%	-	+0.44%	+0.76%	+1.09%
Change	-19.50	-7.10	-1.08	-	+10.24	+17.54	+25.14
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Minor

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
Standard	2,283.54	2,293.66	2,301.26	2,311.38	2,318.98	2,329.10	2,336.70
Camarilla	2,303.99	2,305.61	2,307.24	2,308.86	2,310.48	2,312.11	2,313.73
Woodie	2,282.28	2,293.03	2,300.00	2,310.75	2,317.72	2,328.47	2,335.44
Fibonacci	2,293.66	2,300.43	2,304.61	2,311.38	2,318.15	2,322.33	2,329.10

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

Technical indicators

Moving averages

RSI (14):	38.55
MACD (12,26,9):	0.4100
Directional Movement:	-7.58
AROON (14):	-57.14
DEMA (21):	2,314.50
Parabolic SAR (0,02-0,02-0,2):	2,318.08
Elder Ray (13):	-2.87
Super Trend (3,10):	2,317.64
Zig ZAG (10):	2,311.27
VORTEX (21):	1.0300
Stochastique (14,3,5):	12.52
TEMA (21):	2,314.21
Williams %R (14):	-98.97
Chande Momentum Oscillator (20):	-3.89
Repulse (5,40,3):	-0.1900
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.09

MA7:	2,312.61
MA20:	2,334.97
MA50:	2,257.73
MA100:	2,145.57
MAexp7:	2,312.72
MAexp20:	2,313.53
MAexp50:	2,312.77
MAexp100:	2,313.19
Price / MA7:	-0.07%
Price / MA20:	-1.03%
Price / MA50:	+2.35%
Price / MA100:	+7.70%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.10%

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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