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 11/07/2024 (GMT)

Timeframe : 15 min.
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above

My targets

()

My analysis

GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above . The next resistance located at is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at . After this resistance, buyers could then target . With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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 price is 2,697.94 USD. On the day, this instrument gained +1.27% and was between 2,643.45 USD and 2,700.19 USD. This implies that the price is at +2.06% from its lowest and at -0.08% from its highest.

2,643.45

2,700.19

2,697.94

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this GOLD - USD chart shows a strongly bullish trend. 89.29% 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 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:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,608.46	2,652.44	2,671.31	2,697.94	2,730.94	2,749.88	2,770.96
Change (%)	-3.32%	-1.69%	-0.99%	-	+1.22%	+1.93%	+2.71%
Change	-89.48	-45.50	-26.63	-	+33.00	+51.94	+73.02
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	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	2,530.51	2,591.48	2,627.80	2,688.77	2,725.09	2,786.06	2,822.38
Camarilla	2,637.38	2,646.29	2,655.21	2,664.13	2,673.05	2,681.97	2,690.89
Woodie	2,518.20	2,585.32	2,615.49	2,682.61	2,712.78	2,779.90	2,810.07
Fibonacci	2,591.48	2,628.64	2,651.60	2,688.77	2,725.93	2,748.89	2,786.06

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):	77.63
MACD (12,26,9):	8.6200
Directional Movement:	28.87
AROON (14):	100.00
DEMA (21):	2,692.72
Parabolic SAR (0,02-0,02-0,2):	2,690.14
Elder Ray (13):	10.77
Super Trend (3,10):	2,682.16
Zig ZAG (10):	2,696.61
VORTEX (21):	1.3100
Stochastique (14,3,5):	94.64
TEMA (21):	2,697.93
Williams %R (14):	-9.89
Chande Momentum Oscillator (20):	26.41
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.94

MA7:	2,730.00
MA20:	2,717.92
MA50:	2,640.18
MA100:	2,528.87
MAexp7:	2,692.53
MAexp20:	2,682.19
MAexp50:	2,673.31
MAexp100:	2,676.03
Price / MA7:	-1.17%
Price / MA20:	-0.74%
Price / MA50:	+2.19%
Price / MA100:	+6.69%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.59%
Price / MAexp50:	+0.92%
Price / MAexp100:	+0.82%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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