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 09/20/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2,577.84 USD

My targets

2,604.39 USD (+0.26%)

2,621.48 USD (+0.91%)

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 2,577.84 USD. The buyers' bullish objective is set at 2,604.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,621.48 USD. If there is any crossing, the next objective would be the resistance located at 2,648.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.9

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 2,597.75 USD. The price registered an increase of +0.40% on the session and was traded between 2,584.80 USD and 2,598.68 USD over the period. The price is currently at +0.50% from its lowest and -0.04% from its highest.

2,584.80

2,598.68

2,597.75

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 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 strongly bullish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,529.07	2,560.74	2,589.64	2,597.75	2,600.25
Change (%)	-2.64%	-1.42%	-0.31%	-	+0.10%
Change	-68.68	-37.01	-8.11	-	+2.50
Level	Minor	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
Standard	2,517.11	2,534.20	2,560.75	2,577.84	2,604.39	2,621.48	2,648.03
Camarilla	2,575.29	2,579.29	2,583.29	2,587.29	2,591.29	2,595.29	2,599.29
Woodie	2,521.83	2,536.57	2,565.47	2,580.21	2,609.11	2,623.85	2,652.75
Fibonacci	2,534.20	2,550.87	2,561.17	2,577.84	2,594.51	2,604.81	2,621.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,413.69	2,449.64	2,514.20	2,550.15	2,614.71	2,650.66	2,715.22
Camarilla	2,551.11	2,560.32	2,569.54	2,578.75	2,587.96	2,597.18	2,606.39
Woodie	2,427.99	2,456.79	2,528.50	2,557.30	2,629.01	2,657.81	2,729.52
Fibonacci	2,449.64	2,488.04	2,511.76	2,550.15	2,588.55	2,612.27	2,650.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,233.73	2,299.04	2,401.13	2,466.44	2,568.53	2,633.84	2,735.93
Camarilla	2,457.20	2,472.54	2,487.89	2,503.23	2,518.58	2,533.92	2,549.27
Woodie	2,252.13	2,308.24	2,419.53	2,475.64	2,586.93	2,643.04	2,754.33
Fibonacci	2,299.04	2,362.98	2,402.49	2,466.44	2,530.38	2,569.89	2,633.84

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):	71.95
MACD (12,26,9):	1.8100
Directional Movement:	20.17
AROON (14):	100.00
DEMA (21):	2,594.71
Parabolic SAR (0,02-0,02-0,2):	2,592.78
Elder Ray (13):	2.66
Super Trend (3,10):	2,590.23
Zig ZAG (10):	2,597.73
VORTEX (21):	1.1500
Stochastique (14,3,5):	89.49
TEMA (21):	2,595.63
Williams %R (14):	-4.48
Chande Momentum Oscillator (20):	6.19
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.36

MA7:	2,577.12
MA20:	2,532.49
MA50:	2,476.68
MA100:	2,412.42
MAexp7:	2,594.46
MAexp20:	2,592.17
MAexp50:	2,589.40
MAexp100:	2,585.19
Price / MA7:	+0.80%
Price / MA20:	+2.58%
Price / MA50:	+4.89%
Price / MA100:	+7.68%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.49%

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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