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 09/09/2024 (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: Strongly bullish
Underlying: Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 2,478.61 USD
My targets
2,522.72 USD (+0.78%)
2,548.06 USD (+1.80%)
My analysis
The current short-term bullish acceleration on GOLD - USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 2,478.61 USD. Short-term buyers will use the resistance located at 2,522.72 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 2,548.06 USD. Crossing this resistance would then open the door for buyers to target 2,566.83 USD. Caution, if there is a return to under 2,478.61 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

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:
1H Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,503.10 USD. The price has increased by +0.23% since the last closing and was traded between 2,485.60 USD and 2,503.35 USD over the period. The price is currently at +0.70% from its lowest and -0.01% from its highest.

2,485.60
2,503.35
2,503.10

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found no further results concerning independent technical indicators.

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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Bearish doji star

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,471.89 2,485.17 2,493.81 2,503.10 2,503.75 2,512.22 2,525.34
Change (%) -1.25% -0.72% -0.37% - +0.03% +0.36% +0.89%
Change -31.21 -17.93 -9.29 - +0.65 +9.12 +22.24
Level Minor Minor Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,434.502,459.842,478.612,503.952,522.722,548.062,566.83
Camarilla2,485.262,489.302,493.352,497.392,501.432,505.482,509.52
Woodie2,431.232,458.202,475.342,502.312,519.452,546.422,563.56
Fibonacci2,459.842,476.692,487.102,503.952,520.802,531.212,548.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,412.372,442.132,469.762,499.522,527.152,556.912,584.54
Camarilla2,481.612,486.872,492.132,497.392,502.652,507.912,513.17
Woodie2,411.312,441.602,468.702,498.992,526.092,556.382,583.48
Fibonacci2,442.132,464.052,477.602,499.522,521.442,534.992,556.91


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,233.732,299.042,401.132,466.442,568.532,633.842,735.93
Camarilla2,457.202,472.542,487.892,503.232,518.582,533.922,549.27
Woodie2,252.132,308.242,419.532,475.642,586.932,643.042,754.33
Fibonacci2,299.042,362.982,402.492,466.442,530.382,569.892,633.84

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): 55.49
MACD (12,26,9): 0.6500
Directional Movement: 8.20
AROON (14): 42.86
DEMA (21): 2,496.15
Parabolic SAR (0,02-0,02-0,2): 2,494.51
Elder Ray (13): 1.13
Super Trend (3,10): 2,490.11
Zig ZAG (10): 2,497.12
VORTEX (21): 1.1300
Stochastique (14,3,5): 82.64
TEMA (21): 2,497.60
Williams %R (14): -13.95
Chande Momentum Oscillator (20): 2.58
Repulse (5,40,3): 0.0900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.30
MA7: 2,500.89
MA20: 2,498.90
MA50: 2,442.45
MA100: 2,390.25
MAexp7: 2,497.57
MAexp20: 2,495.55
MAexp50: 2,496.16
MAexp100: 2,499.21
Price / MA7: +0.09%
Price / MA20: +0.17%
Price / MA50: +2.48%
Price / MA100: +4.72%
Price / MAexp7: +0.22%
Price / MAexp20: +0.30%
Price / MAexp50: +0.28%
Price / MAexp100: +0.16%

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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