GOLD - USD - 15 min. - Technical analysis published on 10/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2,645.05 USD
My targets
2,677.73 USD (+0.78%)
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 2,645.05 USD. The buyers' bullish objective is set at 2,677.73 USD. A bullish break in this resistance would boost the bullish momentum. 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, 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
8.9
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,656.92 USD. The price registered an increase of +0.90% on the session with the lowest point at 2,631.97 USD and the highest point at 2,657.23 USD. The deviation from the price is +0.95% for the low point and -0.01% for the high point.2,631.97
2,657.23
2,656.92
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 GOLD - USD in 15 min. shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 2,632.06 | 2,638.10 | 2,653.09 | 2,656.92 | 2,660.38 | 2,673.12 |
Change (%) | -0.94% | -0.71% | -0.14% | - | +0.13% | +0.61% |
Change | -24.86 | -18.82 | -3.83 | - | +3.46 | +16.20 |
Level | Minor | Intermediate | Minor | - | Major | 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 |
---|---|---|---|---|---|---|---|
Standard | 2,579.69 | 2,591.48 | 2,612.37 | 2,624.16 | 2,645.05 | 2,656.84 | 2,677.73 |
Camarilla | 2,624.27 | 2,627.27 | 2,630.26 | 2,633.26 | 2,636.26 | 2,639.25 | 2,642.25 |
Woodie | 2,584.24 | 2,593.76 | 2,616.92 | 2,626.44 | 2,649.60 | 2,659.12 | 2,682.28 |
Fibonacci | 2,591.48 | 2,603.96 | 2,611.68 | 2,624.16 | 2,636.64 | 2,644.36 | 2,656.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,579.47 | 2,602.12 | 2,627.81 | 2,650.46 | 2,676.15 | 2,698.80 | 2,724.49 |
Camarilla | 2,640.20 | 2,644.63 | 2,649.06 | 2,653.49 | 2,657.92 | 2,662.35 | 2,666.78 |
Woodie | 2,580.98 | 2,602.88 | 2,629.32 | 2,651.22 | 2,677.66 | 2,699.56 | 2,726.00 |
Fibonacci | 2,602.12 | 2,620.59 | 2,632.00 | 2,650.46 | 2,668.93 | 2,680.34 | 2,698.80 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,296.16 | 2,384.02 | 2,509.87 | 2,597.73 | 2,723.58 | 2,811.44 | 2,937.29 |
Camarilla | 2,576.94 | 2,596.53 | 2,616.12 | 2,635.71 | 2,655.30 | 2,674.89 | 2,694.48 |
Woodie | 2,315.15 | 2,393.52 | 2,528.86 | 2,607.23 | 2,742.57 | 2,820.94 | 2,956.28 |
Fibonacci | 2,384.02 | 2,465.66 | 2,516.10 | 2,597.73 | 2,679.37 | 2,729.81 | 2,811.44 |
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): | 71.67 | |
MACD (12,26,9): | 3.3500 | |
Directional Movement: | 19.63 | |
AROON (14): | 85.71 | |
DEMA (21): | 2,651.87 | |
Parabolic SAR (0,02-0,02-0,2): | 2,648.09 | |
Elder Ray (13): | 4.96 | |
Super Trend (3,10): | 2,643.54 | |
Zig ZAG (10): | 2,655.44 | |
VORTEX (21): | 1.2200 | |
Stochastique (14,3,5): | 91.31 | |
TEMA (21): | 2,653.85 | |
Williams %R (14): | -5.79 | |
Chande Momentum Oscillator (20): | 10.37 | |
Repulse (5,40,3): | 0.2500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.83 |
MA7: | 2,638.96 | |
MA20: | 2,631.24 | |
MA50: | 2,545.65 | |
MA100: | 2,455.30 | |
MAexp7: | 2,652.51 | |
MAexp20: | 2,647.64 | |
MAexp50: | 2,643.06 | |
MAexp100: | 2,637.14 | |
Price / MA7: | +0.68% | |
Price / MA20: | +0.98% | |
Price / MA50: | +4.37% | |
Price / MA100: | +8.21% | |
Price / MAexp7: | +0.17% | |
Price / MAexp20: | +0.35% | |
Price / MAexp50: | +0.52% | |
Price / MAexp100: | +0.75% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Gold Continues to See Buyers on Dips Overall: Long Term Forecast by Chris Lewis (October 11)
- Gold Continues to Look Impressive: Forecast & Technical Analysis by Chris Lewis (October 11)
- Colorado rescue crews save remainder of tourists stuck in gold mine #shorts
- What’s in store for gold in Q4?
- Gold, Bounces Hard: XAU/USD Technical Analysis by Chris Lewis (10/10) #gold #xauusd #xau #trading
This member declared not having a position on this financial instrument or a related financial instrument.
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