MICRO GOLD ONLY1224 - 15 min. - Technical analysis published on 11/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,580.9 USD
My targets
2,602.7 USD (+0.27%)
2,626.0 USD (+1.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO GOLD ONLY1224 as long as the price remains well above 2,580.9 USD. The buyers' bullish objective is set at 2,602.7 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,626.0 USD. If there is any crossing, the next objective would be the resistance located at 2,694.9 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO GOLD ONLY1224 rating is 2,595.6 USD. The price registered an increase of +0.99% on the session with the lowest point at 2,568.7 USD and the highest point at 2,601.9 USD. The deviation from the price is +1.05% for the low point and -0.24% for the high point.2,568.7
2,601.9
2,595.6
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICRO GOLD ONLY1224:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this MICRO GOLD ONLY1224 chart shows a strongly 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.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,541.5 | 2,563.0 | 2,582.5 | 2,595.6 | 2,626.0 | 2,694.9 | 2,718.1 |
| Change (%) | -2.08% | -1.26% | -0.50% | - | +1.17% | +3.83% | +4.72% |
| Change | -54.1 | -32.6 | -13.1 | - | +30.4 | +99.3 | +122.5 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2,537.3 | 2,548.2 | 2,559.1 | 2,570.0 | 2,580.9 | 2,591.8 | 2,602.7 |
| Camarilla | 2,564.1 | 2,566.1 | 2,568.1 | 2,570.1 | 2,572.1 | 2,574.1 | 2,576.1 |
| Woodie | 2,537.4 | 2,548.2 | 2,559.2 | 2,570.0 | 2,581.0 | 2,591.8 | 2,602.8 |
| Fibonacci | 2,548.2 | 2,556.5 | 2,561.6 | 2,570.0 | 2,578.3 | 2,583.4 | 2,591.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,358.3 | 2,449.9 | 2,510.0 | 2,601.6 | 2,661.7 | 2,753.3 | 2,813.4 |
| Camarilla | 2,528.4 | 2,542.3 | 2,556.2 | 2,570.1 | 2,584.0 | 2,597.9 | 2,611.8 |
| Woodie | 2,342.6 | 2,442.0 | 2,494.3 | 2,593.7 | 2,646.0 | 2,745.4 | 2,797.7 |
| Fibonacci | 2,449.9 | 2,507.9 | 2,543.7 | 2,601.6 | 2,659.6 | 2,695.4 | 2,753.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,462.6 | 2,540.9 | 2,645.1 | 2,723.4 | 2,827.6 | 2,905.9 | 3,010.1 |
| Camarilla | 2,699.0 | 2,715.7 | 2,732.5 | 2,749.2 | 2,765.9 | 2,782.7 | 2,799.4 |
| Woodie | 2,475.5 | 2,547.4 | 2,658.0 | 2,729.9 | 2,840.5 | 2,912.4 | 3,023.0 |
| Fibonacci | 2,540.9 | 2,610.7 | 2,653.7 | 2,723.4 | 2,793.2 | 2,836.2 | 2,905.9 |
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): | 67.90 | |
| MACD (12,26,9): | 1.8000 | |
| Directional Movement: | 20.6 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 2,594.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,586.8 | |
| Elder Ray (13): | 6.6 | |
| Super Trend (3,10): | 2,588.9 | |
| Zig ZAG (10): | 2,599.7 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 91.20 | |
| TEMA (21): | 2,595.9 | |
| Williams %R (14): | -9.40 | |
| Chande Momentum Oscillator (20): | 10.9 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.40 |
| MA7: | 2,606.6 | |
| MA20: | 2,697.8 | |
| MA50: | 2,669.8 | |
| MA100: | 2,576.7 | |
| MAexp7: | 2,595.6 | |
| MAexp20: | 2,592.5 | |
| MAexp50: | 2,588.2 | |
| MAexp100: | 2,583.0 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -3.79% | |
| Price / MA50: | -2.78% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.49% |
Quotes :
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10 min delayed data
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COMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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