GOLD - USD - 15 min. - Technical analysis published on 07/12/2024 (GMT)
- 162
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 2,436.56 USD
My targets
2,383.45 USD (-0.80%)
2,350.91 USD (-2.15%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 2,436.56 USD, a sale could be considered. The first bearish objective is located at 2,383.45 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,350.91 USD as an objective. Crossing it would then enable sellers to target 2,330.34 USD. If the price were to return above 2,436.56 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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 boynazarov. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 2,402.60 USD. The price is lower by -0.55% since the last closing with the lowest point at 2,398.35 USD and the highest point at 2,416.35 USD. The deviation from the price is +0.18% for the low point and -0.57% for the high point.2,398.35
2,416.35
2,402.60
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Black evening star
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 2,349.06 | 2,369.57 | 2,392.98 | 2,402.60 | 2,426.21 |
Change (%) | -2.23% | -1.37% | -0.40% | - | +0.98% |
Change | -53.54 | -33.03 | -9.62 | - | +23.61 |
Level | Intermediate | Intermediate | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,330.34 | 2,350.91 | 2,383.45 | 2,404.02 | 2,436.56 | 2,457.13 | 2,489.67 |
Camarilla | 2,401.39 | 2,406.25 | 2,411.12 | 2,415.99 | 2,420.86 | 2,425.73 | 2,430.60 |
Woodie | 2,336.33 | 2,353.90 | 2,389.44 | 2,407.01 | 2,442.55 | 2,460.12 | 2,495.66 |
Fibonacci | 2,350.91 | 2,371.20 | 2,383.73 | 2,404.02 | 2,424.31 | 2,436.84 | 2,457.13 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,267.84 | 2,293.19 | 2,342.28 | 2,367.63 | 2,416.72 | 2,442.07 | 2,491.16 |
Camarilla | 2,370.90 | 2,377.72 | 2,384.55 | 2,391.37 | 2,398.19 | 2,405.02 | 2,411.84 |
Woodie | 2,279.71 | 2,299.13 | 2,354.15 | 2,373.57 | 2,428.59 | 2,448.01 | 2,503.03 |
Fibonacci | 2,293.19 | 2,321.63 | 2,339.19 | 2,367.63 | 2,396.07 | 2,413.63 | 2,442.07 |
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 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): | 40.28 | |
MACD (12,26,9): | -1.6000 | |
Directional Movement: | -15.56 | |
AROON (14): | -50.00 | |
DEMA (21): | 2,401.51 | |
Parabolic SAR (0,02-0,02-0,2): | 2,405.75 | |
Elder Ray (13): | -1.34 | |
Super Trend (3,10): | 2,407.93 | |
Zig ZAG (10): | 2,401.04 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 32.10 | |
TEMA (21): | 2,401.01 | |
Williams %R (14): | -70.10 | |
Chande Momentum Oscillator (20): | -5.30 | |
Repulse (5,40,3): | 0.0300 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.24 |
MA7: | 2,380.91 | |
MA20: | 2,347.68 | |
MA50: | 2,347.95 | |
MA100: | 2,291.57 | |
MAexp7: | 2,402.00 | |
MAexp20: | 2,403.74 | |
MAexp50: | 2,405.62 | |
MAexp100: | 2,402.93 | |
Price / MA7: | +0.91% | |
Price / MA20: | +2.34% | |
Price / MA50: | +2.33% | |
Price / MA100: | +4.85% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | -0.05% | |
Price / MAexp50: | -0.13% | |
Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
-
Gold Daily Forecast and Technical Analysis for July 11, 2024 by Bruce Powers, CMT, FX Empire
-
Gold Daily Forecast and Technical Analysis for July 11, 2024, by Chris Lewis for FX Empire
-
Gold Daily Forecast and Technical Analysis for July 11, by Chris Lewis, #XAUUSD, #FXEmpire #gold
-
Gold Daily Forecast and Technical Analysis for July 10, 2024 by Bruce Powers, CMT, FX Empire
-
Gold Forecast and Technical Analysis, July 10, by Chris Lewis for FX Empire #trading #gold #xauusd
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis GOLD - USD - 15 min.