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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 11/06/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 2,740.15 USD
My targets
2,714.86 USD (-0.08%)
2,704.97 USD (-0.45%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,740.15 USD. The next bearish objective for sellers is set at 2,714.86 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,704.97 USD. If there is any crossing, the next objective would be the support located at 2,671.31 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2

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.

sirajrasul
This analysis was given by sirajrasul. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,717.07 USD. The price is lower by -1.04% since the last closing with the lowest point at 2,715.19 USD and the highest point at 2,749.73 USD. The deviation from the price is +0.07% for the low point and -1.19% for the high point.

2,715.19
2,749.73
2,717.07

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,294.05 2,525.34 2,671.31 2,717.07 2,717.08 2,724.64 2,731.70
Change (%) -15.57% -7.06% -1.68% - +0.00% +0.28% +0.54%
Change -423.02 -191.73 -45.76 - +0.01 +7.57 +14.63
Level Intermediate Minor Intermediate - Minor Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,704.972,714.862,730.262,740.152,755.552,765.442,780.84
Camarilla2,738.712,741.022,743.342,745.662,747.982,750.302,752.62
Woodie2,707.732,716.242,733.022,741.532,758.312,766.822,783.60
Fibonacci2,714.862,724.522,730.492,740.152,749.812,755.782,765.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,644.672,684.692,710.102,750.122,775.532,815.552,840.96
Camarilla2,717.522,723.522,729.512,735.512,741.512,747.512,753.50
Woodie2,637.372,681.042,702.802,746.472,768.232,811.902,833.66
Fibonacci2,684.692,709.682,725.132,750.122,775.112,790.562,815.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,449.762,526.522,636.632,713.392,823.502,900.263,010.37
Camarilla2,695.362,712.492,729.622,746.752,763.882,781.012,798.14
Woodie2,466.452,534.862,653.322,721.732,840.192,908.603,027.06
Fibonacci2,526.522,597.902,642.002,713.392,784.772,828.872,900.26

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): 44.30
MACD (12,26,9): -0.8600
Directional Movement: -8.95
AROON (14): -21.43
DEMA (21): 2,738.24
Parabolic SAR (0,02-0,02-0,2): 2,742.69
Elder Ray (13): -1.88
Super Trend (3,10): 2,750.86
Zig ZAG (10): 2,735.62
VORTEX (21): 0.9700
Stochastique (14,3,5): 45.00
TEMA (21): 2,737.29
Williams %R (14): -75.61
Chande Momentum Oscillator (20): -6.25
Repulse (5,40,3): -0.3200
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.27
MA7: 2,749.86
MA20: 2,718.29
MA50: 2,638.04
MA100: 2,526.21
MAexp7: 2,736.75
MAexp20: 2,739.41
MAexp50: 2,740.23
MAexp100: 2,740.13
Price / MA7: -1.19%
Price / MA20: -0.04%
Price / MA50: +3.00%
Price / MA100: +7.56%
Price / MAexp7: -0.72%
Price / MAexp20: -0.82%
Price / MAexp50: -0.85%
Price / MAexp100: -0.84%

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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Londinia
Londinia AI

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