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 08/14/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 2,456.14 USD

My targets

2,437.64 USD (-0.30%)

2,416.73 USD (-1.16%)

My analysis

GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,456.14 USD. The next support located at 2,437.64 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,416.73 USD. Below this support, sellers could then target 2,379.06 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

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 price is 2,445.05 USD. On the day, this instrument lost -0.78% and was between 2,438.11 USD and 2,480.14 USD. This implies that the price is at +0.28% from its lowest and at -1.41% from its highest.

2,438.11

2,480.14

2,445.05

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

Bullish opening

Type : Bullish

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this GOLD - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

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 cross

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,379.06	2,416.73	2,437.11	2,445.05	2,445.88	2,458.67	2,477.36
Change (%)	-2.70%	-1.16%	-0.32%	-	+0.03%	+0.56%	+1.32%
Change	-65.99	-28.32	-7.94	-	+0.83	+13.62	+32.31
Level	Minor	Minor	Minor	-	Minor	Major	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	2,437.64	2,448.08	2,456.14	2,466.58	2,474.64	2,485.08	2,493.14
Camarilla	2,459.12	2,460.82	2,462.51	2,464.21	2,465.91	2,467.60	2,469.30
Woodie	2,436.46	2,447.49	2,454.96	2,465.99	2,473.46	2,484.49	2,491.96
Fibonacci	2,448.08	2,455.14	2,459.51	2,466.58	2,473.64	2,478.01	2,485.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,282.37	2,323.35	2,376.89	2,417.87	2,471.41	2,512.39	2,565.93
Camarilla	2,404.43	2,413.09	2,421.76	2,430.42	2,439.08	2,447.75	2,456.41
Woodie	2,288.64	2,326.49	2,383.16	2,421.01	2,477.68	2,515.53	2,572.20
Fibonacci	2,323.35	2,359.46	2,381.77	2,417.87	2,453.98	2,476.29	2,512.39

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):	23.61
MACD (12,26,9):	-7.1900
Directional Movement:	-31.40
AROON (14):	-100.00
DEMA (21):	2,444.68
Parabolic SAR (0,02-0,02-0,2):	2,459.47
Elder Ray (13):	-9.47
Super Trend (3,10):	2,454.42
Zig ZAG (10):	2,440.64
VORTEX (21):	0.7300
Stochastique (14,3,5):	9.09
TEMA (21):	2,440.36
Williams %R (14):	-80.32
Chande Momentum Oscillator (20):	-14.16
Repulse (5,40,3):	0.0300
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.76

MA7:	2,429.72
MA20:	2,416.75
MA50:	2,378.03
MA100:	2,358.07
MAexp7:	2,445.00
MAexp20:	2,453.18
MAexp50:	2,460.34
MAexp100:	2,462.32
Price / MA7:	+0.63%
Price / MA20:	+1.17%
Price / MA50:	+2.82%
Price / MA100:	+3.69%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.62%
Price / MAexp100:	-0.70%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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