GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
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Type: Commodities
Ticker: XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 09/24/2024 (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
89%
0%
11%
My opinion
Bullish above 2,625.04 USD
My targets
2,646.03 USD (+0.38%)
2,657.19 USD (+0.81%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,625.04 USD. The next resistance located at 2,646.03 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,657.19 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
0
10
8.9

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:
1H Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,635.96 USD. The price has increased by +0.37% since the last closing and was between 2,623.88 USD and 2,636.86 USD. This implies that the price is at +0.46% from its lowest and at -0.03% from its highest.

2,623.88
2,636.86
2,635.96

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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


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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes



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

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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,589.64 2,613.89 2,634.88 2,635.96
Change (%) -1.76% -0.84% -0.04% -
Change -46.32 -22.07 -1.08 -
Level Intermediate Intermediate Intermediate -



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,594.222,604.052,615.212,625.042,636.202,646.032,657.19
Camarilla2,620.592,622.512,624.442,626.362,628.282,630.212,632.13
Woodie2,594.882,604.382,615.872,625.372,636.862,646.362,657.85
Fibonacci2,604.052,612.072,617.032,625.042,633.062,638.022,646.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,492.212,519.592,571.032,598.412,649.852,677.232,728.67
Camarilla2,600.812,608.032,615.262,622.482,629.712,636.932,644.16
Woodie2,504.252,525.612,583.072,604.432,661.892,683.252,740.71
Fibonacci2,519.592,549.702,568.302,598.412,628.522,647.122,677.23


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): 70.81
MACD (12,26,9): 2.0200
Directional Movement: 18.60
AROON (14): 92.86
DEMA (21): 2,633.14
Parabolic SAR (0,02-0,02-0,2): 2,630.75
Elder Ray (13): 3.32
Super Trend (3,10): 2,629.11
Zig ZAG (10): 2,635.78
VORTEX (21): 1.2000
Stochastique (14,3,5): 89.77
TEMA (21): 2,634.70
Williams %R (14): -7.97
Chande Momentum Oscillator (20): 5.50
Repulse (5,40,3): 0.1000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.50
MA7: 2,597.88
MA20: 2,544.62
MA50: 2,484.53
MA100: 2,418.84
MAexp7: 2,633.85
MAexp20: 2,630.91
MAexp50: 2,628.77
MAexp100: 2,625.66
Price / MA7: +1.47%
Price / MA20: +3.59%
Price / MA50: +6.09%
Price / MA100: +8.98%
Price / MAexp7: +0.08%
Price / MAexp20: +0.19%
Price / MAexp50: +0.27%
Price / MAexp100: +0.39%

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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