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 08/29/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 2,509.28 USD

My targets

2,524.84 USD (+0.27%)

2,541.48 USD (+0.93%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are above the support located at 2,509.28 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2,524.84 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2,541.48 USD as an objective. Crossing it would then enable buyers to target 2,557.04 USD. If the support 2,509.28 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.8

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,517.96 USD. On the day, this instrument gained +0.39% and was traded between 2,508.03 USD and 2,524.48 USD over the period. The price is currently at +0.40% from its lowest and -0.26% from its highest.

2,508.03

2,524.48

2,517.96

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this GOLD - USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,493.83	2,503.55	2,513.00	2,517.96	2,519.58	2,531.74
Change (%)	-0.96%	-0.57%	-0.20%	-	+0.06%	+0.55%
Change	-24.13	-14.41	-4.96	-	+1.62	+13.78
Level	Major	Minor	Intermediate	-	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	2,460.44	2,477.08	2,492.64	2,509.28	2,524.84	2,541.48	2,557.04
Camarilla	2,499.35	2,502.30	2,505.25	2,508.20	2,511.15	2,514.10	2,517.06
Woodie	2,459.90	2,476.81	2,492.10	2,509.01	2,524.30	2,541.21	2,556.50
Fibonacci	2,477.08	2,489.38	2,496.98	2,509.28	2,521.58	2,529.18	2,541.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,416.83	2,443.86	2,477.68	2,504.71	2,538.53	2,565.56	2,599.38
Camarilla	2,494.77	2,500.34	2,505.92	2,511.50	2,517.08	2,522.66	2,528.23
Woodie	2,420.23	2,445.56	2,481.08	2,506.41	2,541.93	2,567.26	2,602.78
Fibonacci	2,443.86	2,467.11	2,481.47	2,504.71	2,527.96	2,542.32	2,565.56

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.89
MACD (12,26,9):	1.8100
Directional Movement:	11.35
AROON (14):	71.43
DEMA (21):	2,522.22
Parabolic SAR (0,02-0,02-0,2):	2,517.95
Elder Ray (13):	0.53
Super Trend (3,10):	2,514.72
Zig ZAG (10):	2,521.03
VORTEX (21):	1.0200
Stochastique (14,3,5):	74.97
TEMA (21):	2,522.56
Williams %R (14):	-35.93
Chande Momentum Oscillator (20):	4.30
Repulse (5,40,3):	-0.0500
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.36

MA7:	2,511.73
MA20:	2,471.16
MA50:	2,417.60
MA100:	2,381.04
MAexp7:	2,521.72
MAexp20:	2,520.07
MAexp50:	2,516.74
MAexp100:	2,514.19
Price / MA7:	+0.25%
Price / MA20:	+1.89%
Price / MA50:	+4.15%
Price / MA100:	+5.75%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.15%

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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