MICRO GOLD ONLY1224 - 15 min. - Technical analysis published on 11/19/2024 (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
56%
11%
33%
My opinion
Bullish above 2,600.9 USD
My targets
2,651.6 USD (+0.50%)
2,683.8 USD (+1.72%)
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 2,600.9 USD. The buyers' bullish objective is set at 2,651.6 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,683.8 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
7.5
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Additional analysis
Quotes
The MICRO GOLD ONLY1224 rating is 2,638.4 USD. On the day, this instrument gained +0.91% with the lowest point at 2,614.2 USD and the highest point at 2,640.4 USD. The deviation from the price is +0.93% for the low point and -0.08% for the high point.2,614.2
2,640.4
2,638.4
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal 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 bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
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 | 2,559.0 | 2,584.2 | 2,626.0 | 2,638.4 | 2,650.2 | 2,694.9 | 2,718.1 |
| Change (%) | -3.01% | -2.05% | -0.47% | - | +0.45% | +2.14% | +3.02% |
| Change | -79.4 | -54.2 | -12.4 | - | +11.8 | +56.5 | +79.7 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,531.7 | 2,550.2 | 2,582.4 | 2,600.9 | 2,633.1 | 2,651.6 | 2,683.8 |
| Camarilla | 2,600.7 | 2,605.3 | 2,610.0 | 2,614.6 | 2,619.3 | 2,623.9 | 2,628.5 |
| Woodie | 2,538.6 | 2,553.6 | 2,589.3 | 2,604.3 | 2,640.0 | 2,655.0 | 2,690.7 |
| Fibonacci | 2,550.2 | 2,569.6 | 2,581.5 | 2,600.9 | 2,620.3 | 2,632.2 | 2,651.6 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.70 | |
| MACD (12,26,9): | 3.4000 | |
| Directional Movement: | 14.0 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 2,638.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,640.4 | |
| Elder Ray (13): | 1.1 | |
| Super Trend (3,10): | 2,629.0 | |
| Zig ZAG (10): | 2,633.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 62.60 | |
| TEMA (21): | 2,637.7 | |
| Williams %R (14): | -52.20 | |
| Chande Momentum Oscillator (20): | 3.5 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.70 |
| MA7: | 2,600.3 | |
| MA20: | 2,692.3 | |
| MA50: | 2,672.0 | |
| MA100: | 2,579.4 | |
| MAexp7: | 2,635.6 | |
| MAexp20: | 2,633.6 | |
| MAexp50: | 2,627.6 | |
| MAexp100: | 2,618.8 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | -2.00% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | +2.29% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.75% |
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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