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 08/16/2024 (GMT)

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

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

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

Bullish opening

Type : Bullish

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:

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 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

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

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

Three black crows

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard2,398.422,415.312,436.342,453.232,474.262,491.152,512.18
Camarilla2,446.942,450.422,453.892,457.372,460.852,464.322,467.80
Woodie2,400.492,416.352,438.412,454.272,476.332,492.192,514.25
Fibonacci2,415.312,429.802,438.752,453.232,467.722,476.672,491.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,282.372,323.352,376.892,417.872,471.412,512.392,565.93
Camarilla2,404.432,413.092,421.762,430.422,439.082,447.752,456.41
Woodie2,288.642,326.492,383.162,421.012,477.682,515.532,572.20
Fibonacci2,323.352,359.462,381.772,417.872,453.982,476.292,512.39


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 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 - Gold & Silver Spot

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

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