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MICRO GOLD ONLY1224
MGC1224
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MGC1224
ISIN: MGCZ4

MICRO GOLD ONLY1224 - 15 min. - Technical analysis published on 11/07/2024 (GMT)

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  • 11/07/2024 - 10:14
Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on 11/07/2024 - 10:14
  • Status : LEVEL MAINTAINED

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MICRO GOLD ONLY1224 Chart

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
33%
6%
61%
My opinion
Bearish under 2,698.5 USD
My targets
2,638.4 USD (-1.08%)
2,600.5 USD (-2.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MICRO GOLD ONLY1224. As long as you are under the resistance located at 2,698.5 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,638.4 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,600.5 USD as an objective. Crossing it would then enable sellers to target 2,540.4 USD. If the resistance 2,698.5 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.3

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 euletthomas.

Additional analysis

Quotes

MICRO GOLD ONLY1224 rating 2,667.2 USD. On the day, this instrument lost -0.34% with the lowest point at 2,650.2 USD and the highest point at 2,674.5 USD. The deviation from the price is +0.64% for the low point and -0.27% for the high point.

2,650.2
2,674.5
2,667.2

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MICRO GOLD ONLY1224:
Created with Raphaël 2.3.0-100102030January 1st1 year6 months1 month5 daysToday
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 (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



Abnormal volumes on MICRO GOLD ONLY1224 were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 15 min. chart of MICRO GOLD ONLY1224 indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,511.8 2,626.0 2,660.6 2,667.2 2,694.9 2,741.8 2,759.0
Change (%) -5.83% -1.54% -0.25% - +1.04% +2.80% +3.44%
Change -155.4 -41.2 -6.6 - +27.7 +74.6 +91.8
Level Major Minor Intermediate - Major Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,540.42,600.52,638.42,698.52,736.42,796.52,834.4
Camarilla2,649.42,658.32,667.32,676.32,685.32,694.32,703.3
Woodie2,529.32,595.02,627.32,693.02,725.32,791.02,823.3
Fibonacci2,600.52,637.92,661.12,698.52,735.92,759.12,796.5


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,658.62,697.72,723.52,762.62,788.42,827.52,853.3
Camarilla2,731.42,737.32,743.32,749.22,755.22,761.12,767.1
Woodie2,651.92,694.42,716.82,759.32,781.72,824.22,846.6
Fibonacci2,697.72,722.52,737.82,762.62,787.42,802.72,827.5


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,462.62,540.92,645.12,723.42,827.62,905.93,010.1
Camarilla2,699.02,715.72,732.52,749.22,765.92,782.72,799.4
Woodie2,475.52,547.42,658.02,729.92,840.52,912.43,023.0
Fibonacci2,540.92,610.72,653.72,723.42,793.22,836.22,905.9

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Neutral11
Moving averages
Created with Raphaël 2.3.0Sell18

RSI (14): 52.40
MACD (12,26,9): 0.9000
Directional Movement: 4.7
AROON (14): 28.6
DEMA (21): 2,668.9
Parabolic SAR (0,02-0,02-0,2): 2,664.6
Elder Ray (13): 0.9
Super Trend (3,10): 2,660.7
Zig ZAG (10): 2,670.1
VORTEX (21): 1.1000
Stochastique (14,3,5): 75.30
TEMA (21): 2,670.8
Williams %R (14): -36.70
Chande Momentum Oscillator (20): 5.8
Repulse (5,40,3): 0.0000
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.40
MA7: 2,734.2
MA20: 2,728.0
MA50: 2,658.3
MA100: 2,560.4
MAexp7: 2,668.7
MAexp20: 2,667.8
MAexp50: 2,669.9
MAexp100: 2,681.8
Price / MA7: -2.45%
Price / MA20: -2.23%
Price / MA50: +0.33%
Price / MA100: +4.17%
Price / MAexp7: -0.06%
Price / MAexp20: -0.02%
Price / MAexp50: -0.10%
Price / MAexp100: -0.54%

Quotes : 11/07/2024 - 10:04 - 10 min delayed data - COMEX Futures

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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