GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 07/03/2024 (GMT)

Londinia

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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

78%

22%

My opinion

Bullish above 2,356.08 USD

My targets

2,368.76 USD (+0.28%)

2,426.21 USD (+2.71%)

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 2,356.08 USD. The buyers' bullish objective is set at 2,368.76 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,426.21 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

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.

This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,362.13 USD. The price has increased by +1.37% since the last closing and was between 2,326.90 USD and 2,362.80 USD. This implies that the price is at +1.51% from its lowest and at -0.03% from its highest.

2,326.90

2,362.80

2,362.13

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

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

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,331.16	2,337.01	2,360.76	2,362.13	2,368.76	2,426.21
Change (%)	-1.31%	-1.06%	-0.06%	-	+0.28%	+2.71%
Change	-30.97	-25.12	-1.37	-	+6.63	+64.08
Level	Minor	Major	Major	-	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,302.98	2,311.07	2,320.68	2,328.77	2,338.38	2,346.47	2,356.08
Camarilla	2,325.43	2,327.06	2,328.68	2,330.30	2,331.92	2,333.55	2,335.17
Woodie	2,303.75	2,311.45	2,321.45	2,329.15	2,339.15	2,346.85	2,356.85
Fibonacci	2,311.07	2,317.83	2,322.01	2,328.77	2,335.53	2,339.71	2,346.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,254.38	2,274.05	2,300.41	2,320.08	2,346.44	2,366.11	2,392.47
Camarilla	2,314.11	2,318.33	2,322.55	2,326.77	2,330.99	2,335.21	2,339.43
Woodie	2,257.73	2,275.72	2,303.76	2,321.75	2,349.79	2,367.78	2,395.82
Fibonacci	2,274.05	2,291.63	2,302.50	2,320.08	2,337.66	2,348.53	2,366.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,178.80	2,232.79	2,279.78	2,333.77	2,380.76	2,434.75	2,481.74
Camarilla	2,299.00	2,308.26	2,317.51	2,326.77	2,336.03	2,345.28	2,354.54
Woodie	2,175.30	2,231.04	2,276.28	2,332.02	2,377.26	2,433.00	2,478.24
Fibonacci	2,232.79	2,271.36	2,295.20	2,333.77	2,372.34	2,396.18	2,434.75

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.94
MACD (12,26,9):	3.0600
Directional Movement:	16.22
AROON (14):	35.72
DEMA (21):	2,351.54
Parabolic SAR (0,02-0,02-0,2):	2,344.66
Elder Ray (13):	2.51
Super Trend (3,10):	2,342.28
Zig ZAG (10):	2,352.83
VORTEX (21):	1.0600
Stochastique (14,3,5):	70.28
TEMA (21):	2,352.38
Williams %R (14):	-9.53
Chande Momentum Oscillator (20):	6.87
Repulse (5,40,3):	0.3300
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.46

MA7:	2,327.32
MA20:	2,326.86
MA50:	2,339.02
MA100:	2,265.92
MAexp7:	2,353.21
MAexp20:	2,347.18
MAexp50:	2,341.75
MAexp100:	2,336.94
Price / MA7:	+1.50%
Price / MA20:	+1.52%
Price / MA50:	+0.99%
Price / MA100:	+4.25%
Price / MAexp7:	+0.38%
Price / MAexp20:	+0.64%
Price / MAexp50:	+0.87%
Price / MAexp100:	+1.08%

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.

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