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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: Strongly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 2,740.15 USD
My targets
2,714.86 USD (-0.22%)
2,704.97 USD (-0.58%)
My analysis
All elements being clearly 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. The sellers could then target the 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 ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8

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

GOLD - USD rating 2,720.83 USD. The price is lower by -0.90% since the last closing and was between 2,701.58 USD and 2,749.73 USD. This implies that the price is at +0.71% from its lowest and at -1.05% from its highest.

2,701.58
2,749.73
2,720.83

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

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


Technical analysis of GOLD - USD in 15 min. shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,525.34 2,671.31 2,717.08 2,720.83 2,724.64 2,731.70 2,737.82
Change (%) -7.18% -1.82% -0.14% - +0.14% +0.40% +0.62%
Change -195.49 -49.52 -3.75 - +3.81 +10.87 +16.99
Level Minor Intermediate Minor - Intermediate Major 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
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.68
MACD (12,26,9): -2.5700
Directional Movement: -5.15
AROON (14): 35.71
DEMA (21): 2,722.24
Parabolic SAR (0,02-0,02-0,2): 2,713.20
Elder Ray (13): 1.35
Super Trend (3,10): 2,733.97
Zig ZAG (10): 2,725.31
VORTEX (21): 0.9200
Stochastique (14,3,5): 61.34
TEMA (21): 2,722.00
Williams %R (14): -60.62
Chande Momentum Oscillator (20): 2.41
Repulse (5,40,3): -0.1100
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.15
MA7: 2,749.51
MA20: 2,717.86
MA50: 2,637.91
MA100: 2,526.14
MAexp7: 2,723.34
MAexp20: 2,726.17
MAexp50: 2,731.26
MAexp100: 2,734.71
Price / MA7: -1.04%
Price / MA20: +0.11%
Price / MA50: +3.14%
Price / MA100: +7.71%
Price / MAexp7: -0.09%
Price / MAexp20: -0.20%
Price / MAexp50: -0.38%
Price / MAexp100: -0.51%

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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