GOLD - USD - 15 min. - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2,282.27 USD
My targets
2,299.02 USD (+0.42%)
2,308.70 USD (+0.84%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,282.27 USD. The buyers' bullish objective is set at 2,299.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,308.70 USD. If there is any crossing, the next objective would be the resistance located at 2,325.45 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
8.8
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Additional analysis
Quotes
GOLD - USD rating 2,289.36 USD. The price has increased by +0.41% since the last closing and was between 2,265.52 USD and 2,291.95 USD. This implies that the price is at +1.05% from its lowest and at -0.11% from its highest.2,265.52
2,291.95
2,289.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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
Technical
Technical analysis of this 15 min. chart of GOLD - USD 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 is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Dark cloud cover
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 2,203.99 | 2,228.52 | 2,265.86 | 2,289.36 |
Change (%) | -3.73% | -2.66% | -1.03% | - |
Change | -85.37 | -60.84 | -23.50 | - |
Level | Major | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,246.16 | 2,255.84 | 2,272.59 | 2,282.27 | 2,299.02 | 2,308.70 | 2,325.45 |
Camarilla | 2,282.07 | 2,284.50 | 2,286.92 | 2,289.34 | 2,291.76 | 2,294.19 | 2,296.61 |
Woodie | 2,249.70 | 2,257.61 | 2,276.13 | 2,284.04 | 2,302.56 | 2,310.47 | 2,328.99 |
Fibonacci | 2,255.84 | 2,265.94 | 2,272.17 | 2,282.27 | 2,292.37 | 2,298.60 | 2,308.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,113.29 | 2,138.47 | 2,186.07 | 2,211.25 | 2,258.85 | 2,284.03 | 2,331.63 |
Camarilla | 2,213.67 | 2,220.34 | 2,227.01 | 2,233.68 | 2,240.35 | 2,247.02 | 2,253.70 |
Woodie | 2,124.51 | 2,144.08 | 2,197.29 | 2,216.86 | 2,270.07 | 2,289.64 | 2,342.85 |
Fibonacci | 2,138.47 | 2,166.27 | 2,183.45 | 2,211.25 | 2,239.05 | 2,256.23 | 2,284.03 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,905.68 | 1,972.37 | 2,103.03 | 2,169.72 | 2,300.38 | 2,367.07 | 2,497.73 |
Camarilla | 2,179.41 | 2,197.50 | 2,215.59 | 2,233.68 | 2,251.77 | 2,269.86 | 2,287.95 |
Woodie | 1,937.66 | 1,988.36 | 2,135.01 | 2,185.71 | 2,332.36 | 2,383.06 | 2,529.71 |
Fibonacci | 1,972.37 | 2,047.76 | 2,094.34 | 2,169.72 | 2,245.11 | 2,291.69 | 2,367.07 |
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): | 63.78 | |
MACD (12,26,9): | 2.9600 | |
Directional Movement: | 15.79 | |
AROON (14): | 85.71 | |
DEMA (21): | 2,282.54 | |
Parabolic SAR (0,02-0,02-0,2): | 2,276.38 | |
Elder Ray (13): | 4.34 | |
Super Trend (3,10): | 2,272.02 | |
Zig ZAG (10): | 2,284.54 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 75.86 | |
TEMA (21): | 2,285.03 | |
Williams %R (14): | -25.95 | |
Chande Momentum Oscillator (20): | 7.89 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.98 |
MA7: | 2,227.35 | |
MA20: | 2,189.25 | |
MA50: | 2,096.26 | |
MA100: | 2,060.34 | |
MAexp7: | 2,283.96 | |
MAexp20: | 2,279.66 | |
MAexp50: | 2,277.40 | |
MAexp100: | 2,274.29 | |
Price / MA7: | +2.78% | |
Price / MA20: | +4.57% | |
Price / MA50: | +9.21% | |
Price / MA100: | +11.12% | |
Price / MAexp7: | +0.23% | |
Price / MAexp20: | +0.42% | |
Price / MAexp50: | +0.52% | |
Price / MAexp100: | +0.66% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold Daily Forecast and Technical Analysis for April 3, by Chris Lewis, #XAUUSD, #FXEmpire #gold
- Gold Daily Forecast and Technical Analysis for April 03, 2024, by Chris Lewis for FX Empire
- Israeli attack on Iranian embassy and Ukraine drone strike on Russia moves gold and oil markets
- Gold Daily Forecast and Technical Analysis for April 02, 2024 by Bruce Powers, CMT, FX Empire
- Gold Daily Forecast and Technical Analysis for April 2, by Chris Lewis, #XAUUSD, #FXEmpire #gold
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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