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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 11/12/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2,640.72 USD
My targets
2,593.94 USD (-0.41%)
2,563.85 USD (-1.57%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,640.72 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,640.72 USD. The next bearish objective for sellers is set at 2,593.94 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,563.85 USD. In case of crossing, the next objective would be the support located at 2,517.07 USD. PS: if there is a bullish break in the resistance located at 2,640.72 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7

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 rating is 2,604.65 USD. The price is lower by -0.74% since the last closing with the lowest point at 2,589.84 USD and the highest point at 2,627.17 USD. The deviation from the price is +0.57% for the low point and -0.86% for the high point.

2,589.84
2,627.17
2,604.65

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

Central Gaps

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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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 this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,294.05 2,362.07 2,525.34 2,604.65 2,608.46 2,643.45 2,670.22
Change (%) -11.92% -9.31% -3.04% - +0.15% +1.49% +2.52%
Change -310.60 -242.58 -79.31 - +3.81 +38.80 +65.57
Level Intermediate Minor Minor - Intermediate Minor Intermediate



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
Standard2,517.072,563.852,593.942,640.722,670.812,717.592,747.68
Camarilla2,602.892,609.942,616.982,624.032,631.082,638.122,645.17
Woodie2,508.732,559.682,585.602,636.552,662.472,713.422,739.34
Fibonacci2,563.852,593.212,611.362,640.722,670.082,688.232,717.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,530.102,586.772,636.692,693.362,743.282,799.952,849.87
Camarilla2,657.292,667.062,676.832,686.602,696.372,706.142,715.91
Woodie2,526.722,585.082,633.312,691.672,739.902,798.262,846.49
Fibonacci2,586.772,627.492,652.652,693.362,734.082,759.242,799.95


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): 51.15
MACD (12,26,9): -2.1200
Directional Movement: -4.54
AROON (14): 50.00
DEMA (21): 2,596.38
Parabolic SAR (0,02-0,02-0,2): 2,590.43
Elder Ray (13): 3.62
Super Trend (3,10): 2,606.58
Zig ZAG (10): 2,605.23
VORTEX (21): 1.0100
Stochastique (14,3,5): 88.29
TEMA (21): 2,599.15
Williams %R (14): -1.13
Chande Momentum Oscillator (20): 12.26
Repulse (5,40,3): 0.3100
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.10
MA7: 2,680.78
MA20: 2,715.66
MA50: 2,648.77
MA100: 2,538.35
MAexp7: 2,600.47
MAexp20: 2,599.66
MAexp50: 2,607.09
MAexp100: 2,620.43
Price / MA7: -2.84%
Price / MA20: -4.09%
Price / MA50: -1.67%
Price / MA100: +2.61%
Price / MAexp7: +0.16%
Price / MAexp20: +0.19%
Price / MAexp50: -0.10%
Price / MAexp100: -0.60%

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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