GOLD - USD - 15 min. - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 2,474.26 USD
My targets
2,436.34 USD (-0.68%)
2,415.31 USD (-1.53%)
My analysis
There is a bearish trend on GOLD - USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 2,474.26 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 2,436.34 USD. Then the price could move towards 2,415.31 USD. Then 2,398.42 USD by extension. Be careful, a return to above the resistance 2,474.26 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
The GOLD - USD rating is 2,452.90 USD. The price is lower by -0.18% since the last closing and was traded between 2,450.80 USD and 2,460.11 USD over the period. The price is currently at +0.09% from its lowest and -0.29% from its highest.2,450.80
2,460.11
2,452.90
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.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,416.73 | 2,432.34 | 2,445.88 | 2,452.90 | 2,458.69 | 2,470.12 | 2,480.14 |
Change (%) | -1.47% | -0.84% | -0.29% | - | +0.24% | +0.70% | +1.11% |
Change | -36.17 | -20.56 | -7.02 | - | +5.79 | +17.22 | +27.24 |
Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,398.42 | 2,415.31 | 2,436.34 | 2,453.23 | 2,474.26 | 2,491.15 | 2,512.18 |
Camarilla | 2,446.94 | 2,450.42 | 2,453.89 | 2,457.37 | 2,460.85 | 2,464.32 | 2,467.80 |
Woodie | 2,400.49 | 2,416.35 | 2,438.41 | 2,454.27 | 2,476.33 | 2,492.19 | 2,514.25 |
Fibonacci | 2,415.31 | 2,429.80 | 2,438.75 | 2,453.23 | 2,467.72 | 2,476.67 | 2,491.15 |
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): | 48.32 | |
MACD (12,26,9): | -0.0900 | |
Directional Movement: | 2.74 | |
AROON (14): | 85.71 | |
DEMA (21): | 2,454.74 | |
Parabolic SAR (0,02-0,02-0,2): | 2,453.42 | |
Elder Ray (13): | -0.15 | |
Super Trend (3,10): | 2,458.47 | |
Zig ZAG (10): | 2,454.71 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 52.94 | |
TEMA (21): | 2,454.75 | |
Williams %R (14): | -71.52 | |
Chande Momentum Oscillator (20): | 0.95 | |
Repulse (5,40,3): | -0.1100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.12 |
MA7: | 2,450.50 | |
MA20: | 2,420.33 | |
MA50: | 2,382.90 | |
MA100: | 2,362.98 | |
MAexp7: | 2,454.96 | |
MAexp20: | 2,455.06 | |
MAexp50: | 2,455.34 | |
MAexp100: | 2,455.51 | |
Price / MA7: | +0.10% | |
Price / MA20: | +1.35% | |
Price / MA50: | +2.94% | |
Price / MA100: | +3.81% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | -0.09% | |
Price / MAexp50: | -0.10% | |
Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
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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:
-
Gold Pulls Back on Thursday: Forecast & Technical Analysis by Bruce Powers (August 15)
-
Gold Continues to Look to Higher Levels: Forecast & Technical Analysis by Chris Lewis (August 15)
-
Gold Falls Back into Consolidation: Forecast & Technical Analysis by Bruce Powers (August 14)
-
Gold Pressures The Resistance: Forecast & Technical Analysis by Chris Lewis (August 14)
-
Gold, Continues to See Buyers: XAU/USD Technical Analysis for by Chris Lewis for FX Empire (08/13)
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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