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 11/05/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2,728.14 USD

My targets

2,746.07 USD (+0.30%)

2,756.11 USD (+0.66%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2,728.14 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2,746.07 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2,756.11 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2,764.00 USD. Beware of a possible return to under the support located at 2,728.14 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

4.3

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,737.93 USD. The price registered an increase of +0.07% on the session and was traded between 2,724.75 USD and 2,738.32 USD over the period. The price is currently at +0.48% from its lowest and -0.01% from its highest.

2,724.75

2,738.32

2,737.93

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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

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

A technical analysis in 15 min. of this GOLD - USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,717.08	2,724.56	2,731.73	2,737.93	2,748.49	2,757.59	2,770.96
Change (%)	-0.76%	-0.49%	-0.23%	-	+0.39%	+0.72%	+1.21%
Change	-20.85	-13.37	-6.20	-	+10.56	+19.66	+33.03
Level	Minor	Minor	Major	-	Major	Minor	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	2,710.21	2,720.25	2,728.14	2,738.18	2,746.07	2,756.11	2,764.00
Camarilla	2,731.10	2,732.74	2,734.39	2,736.03	2,737.67	2,739.32	2,740.96
Woodie	2,709.14	2,719.71	2,727.07	2,737.64	2,745.00	2,755.57	2,762.93
Fibonacci	2,720.25	2,727.10	2,731.33	2,738.18	2,745.03	2,749.26	2,756.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,644.67	2,684.69	2,710.10	2,750.12	2,775.53	2,815.55	2,840.96
Camarilla	2,717.52	2,723.52	2,729.51	2,735.51	2,741.51	2,747.51	2,753.50
Woodie	2,637.37	2,681.04	2,702.80	2,746.47	2,768.23	2,811.90	2,833.66
Fibonacci	2,684.69	2,709.68	2,725.13	2,750.12	2,775.11	2,790.56	2,815.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,449.76	2,526.52	2,636.63	2,713.39	2,823.50	2,900.26	3,010.37
Camarilla	2,695.36	2,712.49	2,729.62	2,746.75	2,763.88	2,781.01	2,798.14
Woodie	2,466.45	2,534.86	2,653.32	2,721.73	2,840.19	2,908.60	3,027.06
Fibonacci	2,526.52	2,597.90	2,642.00	2,713.39	2,784.77	2,828.87	2,900.26

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):	59.16
MACD (12,26,9):	0.0800
Directional Movement:	2.68
AROON (14):	92.86
DEMA (21):	2,734.37
Parabolic SAR (0,02-0,02-0,2):	2,731.73
Elder Ray (13):	1.27
Super Trend (3,10):	2,729.32
Zig ZAG (10):	2,737.80
VORTEX (21):	1.0100
Stochastique (14,3,5):	79.01
TEMA (21):	2,735.26
Williams %R (14):	-2.32
Chande Momentum Oscillator (20):	3.91
Repulse (5,40,3):	0.1800
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.26

MA7:	2,751.56
MA20:	2,711.60
MA50:	2,633.38
MA100:	2,522.09
MAexp7:	2,735.16
MAexp20:	2,734.55
MAexp50:	2,735.54
MAexp100:	2,737.42
Price / MA7:	-0.50%
Price / MA20:	+0.97%
Price / MA50:	+3.97%
Price / MA100:	+8.56%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.02%

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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