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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 08/09/2024 (GMT)

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Londinia
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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
78%
0%
22%
My opinion
Bullish above 2,412.11 USD
My targets
2,440.96 USD (+0.70%)
2,457.22 USD (+1.37%)
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 2,412.11 USD. The buyers' bullish objective is set at 2,440.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,457.22 USD. If there is any crossing, the next objective would be the resistance located at 2,486.07 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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.

Ghulam
This analysis was given by Ghulam. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,423.97 USD. The price registered a decrease of -0.03% on the session and was between 2,416.91 USD and 2,428.92 USD. This implies that the price is at +0.29% from its lowest and at -0.20% from its highest.

2,416.91
2,428.92
2,423.97

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:

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 this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. 82.14% 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,362.61 2,381.12 2,407.12 2,423.97 2,426.21 2,448.02 2,458.65
Change (%) -2.53% -1.77% -0.70% - +0.09% +0.99% +1.43%
Change -61.36 -42.85 -16.85 - +2.24 +24.05 +34.68
Level Major Intermediate Intermediate - Major Minor Intermediate



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
Standard2,350.742,367.002,395.852,412.112,440.962,457.222,486.07
Camarilla2,412.292,416.422,420.562,424.692,428.832,432.962,437.10
Woodie2,357.032,370.152,402.142,415.262,447.252,460.372,492.36
Fibonacci2,367.002,384.242,394.882,412.112,429.352,439.992,457.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,274.632,322.182,382.612,430.162,490.592,538.142,598.57
Camarilla2,413.352,423.242,433.142,443.042,452.942,462.842,472.74
Woodie2,281.072,325.402,389.052,433.382,497.032,541.362,605.01
Fibonacci2,322.182,363.432,388.912,430.162,471.412,496.892,538.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,183.112,250.832,348.312,416.032,513.512,581.232,678.71
Camarilla2,400.372,415.512,430.662,445.802,460.942,476.092,491.23
Woodie2,198.002,258.272,363.202,423.472,528.402,588.672,693.60
Fibonacci2,250.832,313.932,352.922,416.032,479.132,518.122,581.23

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): 55.21
MACD (12,26,9): 0.0300
Directional Movement: 8.84
AROON (14): 50.00
DEMA (21): 2,422.19
Parabolic SAR (0,02-0,02-0,2): 2,419.21
Elder Ray (13): 2.18
Super Trend (3,10): 2,425.88
Zig ZAG (10): 2,425.90
VORTEX (21): 1.0100
Stochastique (14,3,5): 73.74
TEMA (21): 2,422.41
Williams %R (14): -7.77
Chande Momentum Oscillator (20): 3.89
Repulse (5,40,3): 0.1200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.04
MA7: 2,416.03
MA20: 2,414.83
MA50: 2,370.93
MA100: 2,349.35
MAexp7: 2,423.44
MAexp20: 2,422.08
MAexp50: 2,421.19
MAexp100: 2,416.22
Price / MA7: +0.33%
Price / MA20: +0.38%
Price / MA50: +2.24%
Price / MA100: +3.18%
Price / MAexp7: +0.02%
Price / MAexp20: +0.08%
Price / MAexp50: +0.11%
Price / MAexp100: +0.32%

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:

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

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