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 10/17/2024 (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

67%

28%

My opinion

Bullish above 2,672.73 USD

My targets

2,699.36 USD (+0.52%)

2,713.38 USD (+1.05%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,672.73 USD, you could try to benefit from the boom. The first bullish objective is located at 2,699.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,713.38 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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

The GOLD - USD rating is 2,685.31 USD. The price has increased by +0.42% since the last closing with the lowest point at 2,674.10 USD and the highest point at 2,688.81 USD. The deviation from the price is +0.42% for the low point and -0.13% for the high point.

2,674.10

2,688.81

2,685.31

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 GOLD - USD in 15 min. shows a strongly overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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 engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,624.25	2,638.01	2,672.68	2,685.31	2,685.35
Change (%)	-2.27%	-1.76%	-0.47%	-	+0.00%
Change	-61.06	-47.30	-12.63	-	+0.04
Level	Minor	Intermediate	Major	-	Major

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	2,633.49	2,646.10	2,660.12	2,672.73	2,686.75	2,699.36	2,713.38
Camarilla	2,666.81	2,669.25	2,671.69	2,674.13	2,676.57	2,679.01	2,681.45
Woodie	2,634.19	2,646.45	2,660.82	2,673.08	2,687.45	2,699.71	2,714.08
Fibonacci	2,646.10	2,656.28	2,662.56	2,672.73	2,682.91	2,689.19	2,699.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,562.32	2,582.79	2,620.52	2,640.99	2,678.72	2,699.19	2,736.92
Camarilla	2,642.24	2,647.57	2,652.91	2,658.24	2,663.58	2,668.91	2,674.25
Woodie	2,570.94	2,587.11	2,629.14	2,645.31	2,687.34	2,703.51	2,745.54
Fibonacci	2,582.79	2,605.03	2,618.76	2,640.99	2,663.23	2,676.96	2,699.19

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.13
MACD (12,26,9):	1.6800
Directional Movement:	10.19
AROON (14):	42.86
DEMA (21):	2,685.62
Parabolic SAR (0,02-0,02-0,2):	2,679.52
Elder Ray (13):	2.38
Super Trend (3,10):	2,678.66
Zig ZAG (10):	2,685.91
VORTEX (21):	1.0600
Stochastique (14,3,5):	81.24
TEMA (21):	2,686.34
Williams %R (14):	-24.64
Chande Momentum Oscillator (20):	3.60
Repulse (5,40,3):	-0.0400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.26

MA7:	2,652.76
MA20:	2,649.75
MA50:	2,567.17
MA100:	2,468.09
MAexp7:	2,685.54
MAexp20:	2,683.62
MAexp50:	2,681.08
MAexp100:	2,677.66
Price / MA7:	+1.23%
Price / MA20:	+1.34%
Price / MA50:	+4.60%
Price / MA100:	+8.80%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.29%

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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