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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 05/07/2024 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 2,316.64 USD
My targets
2,301.25 USD (-0.59%)
2,276.48 USD (-1.66%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,316.64 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,316.64 USD. The next bearish objective for sellers is set at 2,301.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,276.48 USD. In case of crossing, the next objective would be the support located at 2,261.09 USD. PS: if there is a bullish break in the resistance located at 2,316.64 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6

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.

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

Additional analysis

Quotes

GOLD - USD rating 2,314.99 USD. On the day, this instrument lost -0.48% and was traded between 2,311.10 USD and 2,330.00 USD over the period. The price is currently at +0.17% from its lowest and -0.64% from its highest.

2,311.10
2,330.00
2,314.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a 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 GOLD - USD in 15 min. shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes


Bearish harami cross

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,281.63 2,291.86 2,309.29 2,314.99 2,320.24 2,328.49 2,336.02
Change (%) -1.44% -1.00% -0.25% - +0.23% +0.58% +0.91%
Change -33.36 -23.13 -5.70 - +5.25 +13.50 +21.03
Level Intermediate Minor Minor - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,261.092,276.482,301.252,316.642,341.412,356.802,381.57
Camarilla2,314.992,318.672,322.352,326.032,329.712,333.392,337.07
Woodie2,265.792,278.832,305.952,318.992,346.112,359.152,386.27
Fibonacci2,276.482,291.822,301.302,316.642,331.982,341.462,356.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,200.352,238.852,269.772,308.272,339.192,377.692,408.61
Camarilla2,281.612,287.972,294.342,300.702,307.062,313.432,319.79
Woodie2,196.572,236.962,265.992,306.382,335.412,375.802,404.83
Fibonacci2,238.852,265.372,281.752,308.272,334.792,351.172,377.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,999.722,114.122,202.752,317.152,405.782,520.182,608.81
Camarilla2,235.552,254.162,272.772,291.382,309.992,328.602,347.21
Woodie1,986.842,107.682,189.872,310.712,392.902,513.742,595.93
Fibonacci2,114.122,191.682,239.592,317.152,394.712,442.622,520.18

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): 51.33
MACD (12,26,9): -0.4700
Directional Movement: 0.18
AROON (14): -42.86
DEMA (21): 2,313.82
Parabolic SAR (0,02-0,02-0,2): 2,311.53
Elder Ray (13): 0.33
Super Trend (3,10): 2,310.53
Zig ZAG (10): 2,316.08
VORTEX (21): 1.0200
Stochastique (14,3,5): 55.15
TEMA (21): 2,314.17
Williams %R (14): -6.96
Chande Momentum Oscillator (20): 1.16
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.01
MA7: 2,313.53
MA20: 2,339.76
MA50: 2,246.69
MA100: 2,139.85
MAexp7: 2,314.88
MAexp20: 2,314.46
MAexp50: 2,315.78
MAexp100: 2,316.80
Price / MA7: +0.06%
Price / MA20: -1.06%
Price / MA50: +3.04%
Price / MA100: +8.18%
Price / MAexp7: +0.00%
Price / MAexp20: +0.02%
Price / MAexp50: -0.03%
Price / MAexp100: -0.08%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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