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 07/22/2024 (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: Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 2,383.39 USD
My targets
2,412.39 USD (+0.55%)
2,430.96 USD (+1.32%)
My analysis
The strong short-term increase of GOLD - USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 2,383.39 USD, a purchase could be considered. The first bullish objective is located at 2,412.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2,430.96 USD. If there is any crossing, the next objective would be the resistance at 2,459.96 USD. Caution, if there is a return under 2,383.39 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.8

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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 2,399.19 USD. On the day, this instrument lost -0.12% and was traded between 2,383.95 USD and 2,412.21 USD over the period. The price is currently at +0.64% from its lowest and -0.54% from its highest.

2,383.95
2,412.21
2,399.19

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 15 min. shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes



In fact, 14 technical indicators on 18 studied are currently positioned 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

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,349.51 2,370.26 2,393.83 2,399.19 2,426.21 2,439.93 2,451.57
Change (%) -2.07% -1.21% -0.22% - +1.13% +1.70% +2.18%
Change -49.68 -28.93 -5.36 - +27.02 +40.74 +52.38
Level Minor Intermediate Major - Major Minor 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
Standard2,335.822,364.822,383.392,412.392,430.962,459.962,478.53
Camarilla2,388.872,393.232,397.592,401.952,406.312,410.672,415.03
Woodie2,330.602,362.212,378.172,409.782,425.742,457.352,473.31
Fibonacci2,364.822,383.002,394.222,412.392,430.572,441.792,459.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,279.362,336.602,369.272,426.512,459.182,516.422,549.09
Camarilla2,377.232,385.472,393.712,401.952,410.192,418.432,426.68
Woodie2,267.092,330.462,357.002,420.372,446.912,510.282,536.82
Fibonacci2,336.602,370.942,392.162,426.512,460.852,482.072,516.42


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): 64.45
MACD (12,26,9): 1.0400
Directional Movement: 11.77
AROON (14): 92.86
DEMA (21): 2,395.79
Parabolic SAR (0,02-0,02-0,2): 2,395.88
Elder Ray (13): 3.00
Super Trend (3,10): 2,392.14
Zig ZAG (10): 2,399.20
VORTEX (21): 1.2500
Stochastique (14,3,5): 92.56
TEMA (21): 2,398.35
Williams %R (14): -10.72
Chande Momentum Oscillator (20): 5.76
Repulse (5,40,3): 0.0800
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.67
MA7: 2,429.61
MA20: 2,378.28
MA50: 2,360.09
MA100: 2,315.03
MAexp7: 2,397.39
MAexp20: 2,395.11
MAexp50: 2,396.45
MAexp100: 2,401.56
Price / MA7: -1.25%
Price / MA20: +0.88%
Price / MA50: +1.66%
Price / MA100: +3.64%
Price / MAexp7: +0.08%
Price / MAexp20: +0.17%
Price / MAexp50: +0.11%
Price / MAexp100: -0.10%

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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