GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
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Change: -
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Type: Commodities
Ticker: XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 09/16/2024 (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: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2,573.90 USD
My targets
2,590.96 USD (+0.21%)
2,603.18 USD (+0.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,573.90 USD. The buyers' bullish objective is set at 2,590.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,603.18 USD. If there is any crossing, the next objective would be the resistance located at 2,620.24 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,585.46 USD. On the day, this instrument gained +0.26% with the lowest point at 2,577.61 USD and the highest point at 2,589.04 USD. The deviation from the price is +0.30% for the low point and -0.14% for the high point.

2,577.61
2,589.04
2,585.46

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently 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


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,500.53 2,529.18 2,560.14 2,585.46
Change (%) -3.28% -2.18% -0.98% -
Change -84.93 -56.28 -25.32 -
Level Intermediate Intermediate Minor -



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
Standard2,532.402,544.622,561.682,573.902,590.962,603.182,620.24
Camarilla2,570.702,573.382,576.072,578.752,581.432,584.122,586.80
Woodie2,534.832,545.832,564.112,575.112,593.392,604.392,622.67
Fibonacci2,544.622,555.802,562.712,573.902,585.082,591.992,603.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,413.692,449.642,514.202,550.152,614.712,650.662,715.22
Camarilla2,551.112,560.322,569.542,578.752,587.962,597.182,606.39
Woodie2,427.992,456.792,528.502,557.302,629.012,657.812,729.52
Fibonacci2,449.642,488.042,511.762,550.152,588.552,612.272,650.66


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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 65.99
MACD (12,26,9): 1.4600
Directional Movement: 14.72
AROON (14): 85.71
DEMA (21): 2,584.78
Parabolic SAR (0,02-0,02-0,2): 2,581.80
Elder Ray (13): 2.32
Super Trend (3,10): 2,580.18
Zig ZAG (10): 2,585.79
VORTEX (21): 1.2000
Stochastique (14,3,5): 63.10
TEMA (21): 2,585.08
Williams %R (14): -36.19
Chande Momentum Oscillator (20): 4.08
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.34
MA7: 2,536.67
MA20: 2,517.88
MA50: 2,461.66
MA100: 2,401.45
MAexp7: 2,584.81
MAexp20: 2,583.01
MAexp50: 2,580.12
MAexp100: 2,573.29
Price / MA7: +1.92%
Price / MA20: +2.68%
Price / MA50: +5.03%
Price / MA100: +7.66%
Price / MAexp7: +0.03%
Price / MAexp20: +0.09%
Price / MAexp50: +0.21%
Price / MAexp100: +0.47%

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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