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 08/07/2024 (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: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 2,371.00 USD

My targets

2,407.65 USD (+0.58%)

2,431.35 USD (+1.57%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2,371.00 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2,407.65 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2,431.35 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2,444.30 USD. Beware of a possible return to under the support located at 2,371.00 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

5.4

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,393.77 USD. The price has increased by +0.41% since the last closing with the lowest point at 2,379.06 USD and the highest point at 2,397.66 USD. The deviation from the price is +0.62% for the low point and -0.16% for the high point.

2,379.06

2,397.66

2,393.77

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 15 min. shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

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

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,294.05	2,362.61	2,383.44	2,393.77	2,396.28	2,426.21	2,458.65
Change (%)	-4.17%	-1.30%	-0.43%	-	+0.10%	+1.36%	+2.71%
Change	-99.72	-31.16	-10.33	-	+2.51	+32.44	+64.88
Level	Intermediate	Major	Minor	-	Major	Intermediate	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
Standard	2,334.35	2,358.05	2,371.00	2,394.70	2,407.65	2,431.35	2,444.30
Camarilla	2,373.87	2,377.23	2,380.59	2,383.95	2,387.31	2,390.67	2,394.03
Woodie	2,328.98	2,355.36	2,365.63	2,392.01	2,402.28	2,428.66	2,438.93
Fibonacci	2,358.05	2,372.05	2,380.70	2,394.70	2,408.70	2,417.35	2,431.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,274.63	2,322.18	2,382.61	2,430.16	2,490.59	2,538.14	2,598.57
Camarilla	2,413.35	2,423.24	2,433.14	2,443.04	2,452.94	2,462.84	2,472.74
Woodie	2,281.07	2,325.40	2,389.05	2,433.38	2,497.03	2,541.36	2,605.01
Fibonacci	2,322.18	2,363.43	2,388.91	2,430.16	2,471.41	2,496.89	2,538.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,183.11	2,250.83	2,348.31	2,416.03	2,513.51	2,581.23	2,678.71
Camarilla	2,400.37	2,415.51	2,430.66	2,445.80	2,460.94	2,476.09	2,491.23
Woodie	2,198.00	2,258.27	2,363.20	2,423.47	2,528.40	2,588.67	2,693.60
Fibonacci	2,250.83	2,313.93	2,352.92	2,416.03	2,479.13	2,518.12	2,581.23

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):	65.45
MACD (12,26,9):	2.1400
Directional Movement:	8.24
AROON (14):	92.86
DEMA (21):	2,393.72
Parabolic SAR (0,02-0,02-0,2):	2,388.83
Elder Ray (13):	3.77
Super Trend (3,10):	2,385.52
Zig ZAG (10):	2,395.21
VORTEX (21):	1.2100
Stochastique (14,3,5):	81.63
TEMA (21):	2,395.71
Williams %R (14):	-14.42
Chande Momentum Oscillator (20):	9.42
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.73

MA7:	2,418.22
MA20:	2,414.40
MA50:	2,367.64
MA100:	2,344.83
MAexp7:	2,393.75
MAexp20:	2,391.21
MAexp50:	2,390.77
MAexp100:	2,395.18
Price / MA7:	-1.01%
Price / MA20:	-0.85%
Price / MA50:	+1.10%
Price / MA100:	+2.09%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.13%
Price / MAexp100:	-0.06%

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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