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 08/20/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

17%

50%

My opinion

Bearish under 2,517.33 USD

My targets

2,487.85 USD (-0.53%)

2,472.05 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 2,517.33 USD. The next support located at 2,487.85 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 2,472.05 USD. Below this support, sellers could then target 2,458.37 USD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.7

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

Additional analysis

Quotes

GOLD - USD rating 2,501.14 USD. On the day, this instrument lost -0.10% and was between 2,498.71 USD and 2,508.28 USD. This implies that the price is at +0.10% from its lowest and at -0.28% from its highest.

2,498.71

2,508.28

2,501.14

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

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

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,432.34	2,458.87	2,475.54	2,501.14	2,515.20
Change (%)	-2.75%	-1.69%	-1.02%	-	+0.56%
Change	-68.80	-42.27	-25.60	-	+14.06
Level	Intermediate	Minor	Intermediate	-	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
Standard	2,458.37	2,472.05	2,487.85	2,501.53	2,517.33	2,531.01	2,546.81
Camarilla	2,495.55	2,498.26	2,500.96	2,503.66	2,506.36	2,509.07	2,511.77
Woodie	2,459.44	2,472.58	2,488.92	2,502.06	2,518.40	2,531.54	2,547.88
Fibonacci	2,472.05	2,483.31	2,490.27	2,501.53	2,512.79	2,519.75	2,531.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,363.64	2,393.73	2,449.58	2,479.67	2,535.52	2,565.61	2,621.46
Camarilla	2,481.79	2,489.66	2,497.54	2,505.42	2,513.30	2,521.18	2,529.05
Woodie	2,376.51	2,400.17	2,462.45	2,486.11	2,548.39	2,572.05	2,634.33
Fibonacci	2,393.73	2,426.56	2,446.84	2,479.67	2,512.50	2,532.78	2,565.61

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):	47.64
MACD (12,26,9):	-0.6700
Directional Movement:	-12.25
AROON (14):	-28.57
DEMA (21):	2,500.95
Parabolic SAR (0,02-0,02-0,2):	2,503.65
Elder Ray (13):	-0.62
Super Trend (3,10):	2,507.07
Zig ZAG (10):	2,501.65
VORTEX (21):	0.9500
Stochastique (14,3,5):	27.63
TEMA (21):	2,500.33
Williams %R (14):	-57.45
Chande Momentum Oscillator (20):	-3.19
Repulse (5,40,3):	0.0700
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.25

MA7:	2,479.57
MA20:	2,433.05
MA50:	2,391.57
MA100:	2,368.27
MAexp7:	2,501.35
MAexp20:	2,501.74
MAexp50:	2,501.95
MAexp100:	2,499.52
Price / MA7:	+0.87%
Price / MA20:	+2.80%
Price / MA50:	+4.58%
Price / MA100:	+5.61%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.03%
Price / MAexp100:	+0.06%

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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