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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 05/22/2024 (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: Bearish
Underlying: Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 2,407.41 USD
My targets
2,379.73 USD (-0.08%)
2,374.05 USD (-0.31%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,407.41 USD. The next bearish objective for sellers is set at 2,379.73 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,374.05 USD. If there is any crossing, the next objective would be the support located at 2,355.80 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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
3.8

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

The GOLD - USD price is 2,381.54 USD. On the day, this instrument lost -1.66% and was traded between 2,374.96 USD and 2,426.61 USD over the period. The price is currently at +0.28% from its lowest and -1.86% from its highest.

2,374.96
2,426.61
2,381.54

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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


S3S2S1PriceR1R2R3
ProTrendLines 2,332.24 2,355.80 2,374.05 2,381.54 2,390.13 2,406.65 2,425.11
Change (%) -2.07% -1.08% -0.31% - +0.36% +1.05% +1.83%
Change -49.30 -25.74 -7.49 - +8.59 +25.11 +43.57
Level Intermediate Minor Minor - Intermediate Major 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
Standard2,379.732,393.012,407.412,420.692,435.092,448.372,462.77
Camarilla2,414.202,416.742,419.272,421.812,424.352,426.892,429.42
Woodie2,380.292,393.292,407.972,420.972,435.652,448.652,463.33
Fibonacci2,393.012,403.582,410.122,420.692,431.262,437.802,448.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,267.632,299.932,358.182,390.482,448.732,481.032,539.28
Camarilla2,391.522,399.822,408.122,416.422,424.722,433.022,441.32
Woodie2,280.602,306.422,371.152,396.972,461.702,487.522,552.25
Fibonacci2,299.932,334.522,355.892,390.482,425.072,446.442,481.03


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): 38.84
MACD (12,26,9): -3.5300
Directional Movement: -11.50
AROON (14): 92.86
DEMA (21): 2,376.69
Parabolic SAR (0,02-0,02-0,2): 2,382.98
Elder Ray (13): 0.28
Super Trend (3,10): 2,387.58
Zig ZAG (10): 2,381.25
VORTEX (21): 0.8100
Stochastique (14,3,5): 94.48
TEMA (21): 2,378.53
Williams %R (14): -7.04
Chande Momentum Oscillator (20): 1.89
Repulse (5,40,3): 0.0300
ROCnROLL: -1
TRIX (15,9): -0.0300
Courbe Coppock: 0.13
MA7: 2,395.87
MA20: 2,349.47
MA50: 2,304.00
MA100: 2,175.53
MAexp7: 2,380.46
MAexp20: 2,382.17
MAexp50: 2,391.16
MAexp100: 2,400.99
Price / MA7: -0.60%
Price / MA20: +1.36%
Price / MA50: +3.37%
Price / MA100: +9.47%
Price / MAexp7: +0.05%
Price / MAexp20: -0.03%
Price / MAexp50: -0.40%
Price / MAexp100: -0.81%

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.

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Londinia
Londinia AI

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