GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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Type: Commodities
Ticker: XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 07/07/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 2,377.65 USD
My targets
2,406.70 USD (+0.64%)
2,422.02 USD (+1.28%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,377.65 USD, you could try to benefit from the boom. The first bullish objective is located at 2,406.70 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,422.02 USD as an objective. Crossing it would then enable buyers to target 2,451.07 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,391.37 USD. The price has increased by +1.47% since the last closing and was between 2,348.61 USD and 2,392.98 USD. This implies that the price is at +1.82% from its lowest and at -0.07% from its highest.

2,348.61
2,392.98
2,391.37

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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 over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 2,318.94 2,348.61 2,360.76 2,391.37 2,426.21
Change (%) -3.03% -1.79% -1.28% - +1.46%
Change -72.43 -42.76 -30.61 - +34.84
Level Major Minor Major - 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
Standard2,317.962,333.282,362.332,377.652,406.702,422.022,451.07
Camarilla2,379.172,383.242,387.302,391.372,395.442,399.512,403.57
Woodie2,324.822,336.712,369.192,381.082,413.562,425.452,457.93
Fibonacci2,333.282,350.232,360.702,377.652,394.602,405.072,422.02


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,267.842,293.192,342.282,367.632,416.722,442.072,491.16
Camarilla2,370.902,377.722,384.552,391.372,398.192,405.022,411.84
Woodie2,279.712,299.132,354.152,373.572,428.592,448.012,503.03
Fibonacci2,293.192,321.632,339.192,367.632,396.072,413.632,442.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,178.802,232.792,279.782,333.772,380.762,434.752,481.74
Camarilla2,299.002,308.262,317.512,326.772,336.032,345.282,354.54
Woodie2,175.302,231.042,276.282,332.022,377.262,433.002,478.24
Fibonacci2,232.792,271.362,295.202,333.772,372.342,396.182,434.75

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): 3.1800
Directional Movement: 10.62
AROON (14): 42.86
DEMA (21): 2,392.71
Parabolic SAR (0,02-0,02-0,2): 2,392.60
Elder Ray (13): 1.64
Super Trend (3,10): 2,383.62
Zig ZAG (10): 2,391.37
VORTEX (21): 1.1300
Stochastique (14,3,5): 70.77
TEMA (21): 2,391.95
Williams %R (14): -19.26
Chande Momentum Oscillator (20): 5.50
Repulse (5,40,3): 0.0900
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.30
MA7: 2,346.30
MA20: 2,330.73
MA50: 2,340.67
MA100: 2,273.44
MAexp7: 2,390.36
MAexp20: 2,388.04
MAexp50: 2,380.93
MAexp100: 2,373.29
Price / MA7: +1.92%
Price / MA20: +2.60%
Price / MA50: +2.17%
Price / MA100: +5.19%
Price / MAexp7: +0.04%
Price / MAexp20: +0.14%
Price / MAexp50: +0.44%
Price / MAexp100: +0.76%

Quotes : - Real time data - Gold & Silver Spot

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

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