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MICRO GOLD ONLY1224
MGC1224
- USD (-)
- 10 min delayed data - COMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MGC1224
ISIN: MGCZ4

MICRO GOLD ONLY1224 - 15 min. - Technical analysis published on 11/12/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 2,642.7 USD
My targets
2,592.1 USD (-0.23%)
2,566.6 USD (-1.21%)
My analysis
MICRO GOLD ONLY1224 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,642.7 USD. The next support located at 2,592.1 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,566.6 USD. Below this support, sellers could then target 2,516.0 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3

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.

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

Additional analysis

Quotes

The MICRO GOLD ONLY1224 price is 2,598.1 USD. On the day, this instrument lost -0.75% with the lowest point at 2,595.7 USD and the highest point at 2,633.3 USD. The deviation from the price is +0.09% for the low point and -1.34% for the high point.

2,595.7
2,633.3
2,598.1

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

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 strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


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 scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,266.3 2,359.6 2,511.8 2,598.1 2,626.0 2,650.2 2,694.9
Change (%) -12.77% -9.18% -3.32% - +1.07% +2.01% +3.73%
Change -331.8 -238.5 -86.3 - +27.9 +52.1 +96.8
Level Minor Intermediate Intermediate - 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
Standard2,516.02,566.62,592.12,642.72,668.22,718.82,744.3
Camarilla2,596.82,603.82,610.72,617.72,624.72,631.72,638.6
Woodie2,503.62,560.32,579.72,636.42,655.82,712.52,731.9
Fibonacci2,566.62,595.62,613.62,642.72,671.72,689.72,718.8


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,534.22,592.22,643.52,701.52,752.82,810.82,862.1
Camarilla2,664.72,674.82,684.82,694.82,704.82,714.82,724.9
Woodie2,530.92,590.52,640.22,699.82,749.52,809.12,858.8
Fibonacci2,592.22,634.02,659.82,701.52,743.32,769.12,810.8


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
Moving averages

RSI (14): 27.40
MACD (12,26,9): -5.9000
Directional Movement: -22.3
AROON (14): -57.2
DEMA (21): 2,599.1
Parabolic SAR (0,02-0,02-0,2): 2,611.4
Elder Ray (13): -5.2
Super Trend (3,10): 2,613.6
Zig ZAG (10): 2,598.5
VORTEX (21): 0.8000
Stochastique (14,3,5): 16.00
TEMA (21): 2,597.3
Williams %R (14): -86.50
Chande Momentum Oscillator (20): -5.8
Repulse (5,40,3): -0.1000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.90
MA7: 2,684.0
MA20: 2,724.2
MA50: 2,665.6
MA100: 2,568.4
MAexp7: 2,600.0
MAexp20: 2,606.8
MAexp50: 2,616.8
MAexp100: 2,630.8
Price / MA7: -3.20%
Price / MA20: -4.63%
Price / MA50: -2.53%
Price / MA100: +1.16%
Price / MAexp7: -0.07%
Price / MAexp20: -0.33%
Price / MAexp50: -0.71%
Price / MAexp100: -1.24%

Quotes : - 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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