MICRO GOLD ONLY1224 - 15 min. - Technical analysis published on 11/26/2024 (GMT)
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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
17%
67%
17%
My opinion
Bearish under 2,652.8 USD
My targets
2,582.4 USD (-1.31%)
2,546.2 USD (-2.69%)
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 2,652.8 USD. The next support located at 2,582.4 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 2,546.2 USD. Below this support, sellers could then target 2,475.8 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
7.7
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO GOLD ONLY1224 rating 2,616.6 USD. The price registered a decrease of -0.07% on the session and was traded between 2,605.4 USD and 2,632.6 USD over the period. The price is currently at +0.43% from its lowest and -0.61% from its highest.2,605.4
2,632.6
2,616.6
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on MICRO GOLD ONLY1224 were detected by the Central Volumes scanner:
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 sharp bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,541.5 | 2,560.3 | 2,583.3 | 2,616.6 | 2,626.0 | 2,644.3 | 2,659.6 |
| Change (%) | -2.87% | -2.15% | -1.27% | - | +0.36% | +1.06% | +1.64% |
| Change | -75.1 | -56.3 | -33.3 | - | +9.4 | +27.7 | +43.0 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 2,475.8 | 2,546.2 | 2,582.4 | 2,652.8 | 2,689.0 | 2,759.4 | 2,795.6 |
| Camarilla | 2,589.2 | 2,599.0 | 2,608.7 | 2,618.5 | 2,628.3 | 2,638.0 | 2,647.8 |
| Woodie | 2,458.6 | 2,537.7 | 2,565.2 | 2,644.3 | 2,671.8 | 2,750.9 | 2,778.4 |
| Fibonacci | 2,546.2 | 2,587.0 | 2,612.1 | 2,652.8 | 2,693.6 | 2,718.7 | 2,759.4 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,464.9 | 2,516.8 | 2,614.5 | 2,666.4 | 2,764.1 | 2,816.0 | 2,913.7 |
| Camarilla | 2,671.1 | 2,684.8 | 2,698.5 | 2,712.2 | 2,725.9 | 2,739.6 | 2,753.3 |
| Woodie | 2,487.8 | 2,528.3 | 2,637.4 | 2,677.9 | 2,787.0 | 2,827.5 | 2,936.6 |
| Fibonacci | 2,516.8 | 2,574.0 | 2,609.3 | 2,666.4 | 2,723.6 | 2,758.9 | 2,816.0 |
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): | 30.50 | |
| MACD (12,26,9): | -2.8000 | |
| Directional Movement: | -24.8 | |
| AROON (14): | -100.0 | |
| DEMA (21): | 2,618.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,629.0 | |
| Elder Ray (13): | -7.6 | |
| Super Trend (3,10): | 2,623.8 | |
| Zig ZAG (10): | 2,613.4 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 14.40 | |
| TEMA (21): | 2,616.6 | |
| Williams %R (14): | -75.50 | |
| Chande Momentum Oscillator (20): | -7.3 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.60 |
| MA7: | 2,645.6 | |
| MA20: | 2,667.1 | |
| MA50: | 2,678.6 | |
| MA100: | 2,591.0 | |
| MAexp7: | 2,617.6 | |
| MAexp20: | 2,621.6 | |
| MAexp50: | 2,627.5 | |
| MAexp100: | 2,640.2 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.89% |
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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