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 10/30/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 2,764.64 USD

My targets

2,785.96 USD (+0.17%)

2,796.81 USD (+0.56%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are above the support located at 2,764.64 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2,785.96 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2,796.81 USD as an objective. Crossing it would then enable buyers to target 2,818.13 USD. If the support 2,764.64 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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

4.6

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 sirajrasul. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,781.12 USD. On the day, this instrument gained +0.22% and was traded between 2,774.89 USD and 2,789.86 USD over the period. The price is currently at +0.22% from its lowest and -0.31% from its highest.

2,774.89

2,789.86

2,781.12

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

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 bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,724.71	2,746.26	2,758.15	2,781.12
Change (%)	-2.03%	-1.25%	-0.83%	-
Change	-56.41	-34.86	-22.97	-
Level	Minor	Intermediate	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	2,721.62	2,732.47	2,753.79	2,764.64	2,785.96	2,796.81	2,818.13
Camarilla	2,766.26	2,769.21	2,772.16	2,775.11	2,778.06	2,781.01	2,783.96
Woodie	2,726.86	2,735.09	2,759.03	2,767.26	2,791.20	2,799.43	2,823.37
Fibonacci	2,732.47	2,744.76	2,752.35	2,764.64	2,776.93	2,784.52	2,796.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,669.21	2,689.02	2,718.89	2,738.70	2,768.57	2,788.38	2,818.25
Camarilla	2,735.11	2,739.66	2,744.22	2,748.77	2,753.32	2,757.88	2,762.43
Woodie	2,674.25	2,691.54	2,723.93	2,741.22	2,773.61	2,790.90	2,823.29
Fibonacci	2,689.02	2,707.99	2,719.72	2,738.70	2,757.67	2,769.40	2,788.38

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.84
MACD (12,26,9):	2.4000
Directional Movement:	6.55
AROON (14):	71.43
DEMA (21):	2,785.92
Parabolic SAR (0,02-0,02-0,2):	2,789.86
Elder Ray (13):	0.19
Super Trend (3,10):	2,780.82
Zig ZAG (10):	2,783.66
VORTEX (21):	1.1200
Stochastique (14,3,5):	59.96
TEMA (21):	2,786.06
Williams %R (14):	-51.20
Chande Momentum Oscillator (20):	3.64
Repulse (5,40,3):	-0.1500
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.45

MA7:	2,750.19
MA20:	2,692.37
MA50:	2,614.99
MA100:	2,505.31
MAexp7:	2,783.80
MAexp20:	2,782.73
MAexp50:	2,777.65
MAexp100:	2,770.05
Price / MA7:	+1.12%
Price / MA20:	+3.30%
Price / MA50:	+6.35%
Price / MA100:	+11.01%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.06%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.40%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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