GOLD - USD - 15 min. - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 2,329.10 USD
My targets
2,346.76 USD (+0.41%)
2,390.13 USD (+2.27%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,329.10 USD, you could try to benefit from the boom. The first bullish objective is located at 2,346.76 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,390.13 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The GOLD - USD price is 2,337.18 USD. The price has increased by +1.23% since the last closing and was between 2,306.70 USD and 2,338.17 USD. This implies that the price is at +1.32% from its lowest and at -0.04% from its highest.2,306.70
2,338.17
2,337.18
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 2,321.12 | 2,328.42 | 2,336.02 | 2,337.18 | 2,346.76 | 2,390.13 |
Change (%) | -0.69% | -0.37% | -0.05% | - | +0.41% | +2.27% |
Change | -16.06 | -8.76 | -1.16 | - | +9.58 | +52.95 |
Level | Major | Minor | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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): | 63.94 | |
MACD (12,26,9): | 2.8800 | |
Directional Movement: | 11.50 | |
AROON (14): | 64.29 | |
DEMA (21): | 2,320.94 | |
Parabolic SAR (0,02-0,02-0,2): | 2,328.37 | |
Elder Ray (13): | 6.12 | |
Super Trend (3,10): | 2,311.45 | |
Zig ZAG (10): | 2,331.00 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 75.65 | |
TEMA (21): | 2,324.64 | |
Williams %R (14): | -1.67 | |
Chande Momentum Oscillator (20): | 19.31 | |
Repulse (5,40,3): | 0.5600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 1.08 |
MA7: | 2,315.93 | |
MA20: | 2,335.73 | |
MA50: | 2,258.04 | |
MA100: | 2,145.73 | |
MAexp7: | 2,325.81 | |
MAexp20: | 2,317.68 | |
MAexp50: | 2,314.85 | |
MAexp100: | 2,314.04 | |
Price / MA7: | +0.92% | |
Price / MA20: | +0.06% | |
Price / MA50: | +3.50% | |
Price / MA100: | +8.92% | |
Price / MAexp7: | +0.49% | |
Price / MAexp20: | +0.84% | |
Price / MAexp50: | +0.97% | |
Price / MAexp100: | +1.00% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold Daily Forecast and Technical Analysis for May 09, 2024, by Chris Lewis for FX Empire
- Gold Forecast May 10, 2024
- Gold Daily Forecast and Technical Analysis for May 08, 2024 by Bruce Powers, CMT, FX Empire
- Gold Daily Forecast and Technical Analysis for May 8, by Chris Lewis, #XAUUSD, #FXEmpire #gold
- Gold Forecast May 9, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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