GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 08/08/2024 (GMT)

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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

89%

11%

My opinion

Bullish above 2,401.66 USD

My targets

2,429.72 USD (+0.29%)

2,458.65 USD (+1.48%)

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 2,401.66 USD. The buyers' bullish objective is set at 2,429.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,458.65 USD. If there is any crossing, the next objective would be the resistance located at 2,468.36 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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

Additional analysis

Quotes

The GOLD - USD rating is 2,422.69 USD. On the day, this instrument gained +1.59% and was between 2,383.27 USD and 2,424.40 USD. This implies that the price is at +1.65% from its lowest and at -0.07% from its highest.

2,383.27

2,424.40

2,422.69

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 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. 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.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

MACD indicator: bearish divergence

Type : Bearish

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 : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : 15 minutes

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,362.61	2,379.06	2,407.12	2,422.69	2,426.21	2,458.65	2,468.36
Change (%)	-2.48%	-1.80%	-0.64%	-	+0.15%	+1.48%	+1.89%
Change	-60.08	-43.63	-15.57	-	+3.52	+35.96	+45.67
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

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	2,345.54	2,362.30	2,373.60	2,390.36	2,401.66	2,418.42	2,429.72
Camarilla	2,377.18	2,379.76	2,382.33	2,384.90	2,387.47	2,390.04	2,392.62
Woodie	2,342.81	2,360.94	2,370.87	2,389.00	2,398.93	2,417.06	2,426.99
Fibonacci	2,362.30	2,373.02	2,379.64	2,390.36	2,401.08	2,407.70	2,418.42

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.49
MACD (12,26,9):	4.2200
Directional Movement:	12.81
AROON (14):	50.00
DEMA (21):	2,412.90
Parabolic SAR (0,02-0,02-0,2):	2,402.69
Elder Ray (13):	2.72
Super Trend (3,10):	2,402.91
Zig ZAG (10):	2,412.00
VORTEX (21):	1.1700
Stochastique (14,3,5):	91.68
TEMA (21):	2,415.18
Williams %R (14):	-0.16
Chande Momentum Oscillator (20):	9.42
Repulse (5,40,3):	0.6500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.98

MA7:	2,418.57
MA20:	2,413.97
MA50:	2,368.90
MA100:	2,346.86
MAexp7:	2,414.28
MAexp20:	2,407.66
MAexp50:	2,401.28
MAexp100:	2,397.70
Price / MA7:	+0.17%
Price / MA20:	+0.36%
Price / MA50:	+2.27%
Price / MA100:	+3.23%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.62%
Price / MAexp50:	+0.89%
Price / MAexp100:	+1.04%

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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