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

GOLD - USD - 15 min. - Technical analysis published on 11/21/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 2,642.22 USD
My targets
2,678.78 USD (+0.36%)
2,702.08 USD (+1.23%)
My analysis
The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,642.22 USD. Crossing the first resistance at 2,678.78 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2,702.08 USD as an objective. Crossing it would then enable buyers to target 2,721.33 USD. Caution, a return to below 2,642.22 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5

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 Noreir. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,669.28 USD. The price has increased by +0.64% since the last closing and was between 2,650.46 USD and 2,673.56 USD. This implies that the price is at +0.71% from its lowest and at -0.16% from its highest.

2,650.46
2,673.56
2,669.28

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 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,608.46 2,619.17 2,655.48 2,669.28 2,672.68 2,721.33 2,785.43
Change (%) -2.28% -1.88% -0.52% - +0.13% +1.95% +4.35%
Change -60.82 -50.11 -13.80 - +3.40 +52.05 +116.15
Level Intermediate Major Minor - Intermediate Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,592.402,605.662,628.962,642.222,665.522,678.782,702.08
Camarilla2,642.212,645.562,648.912,652.262,655.612,658.962,662.31
Woodie2,597.422,608.172,633.982,644.732,670.542,681.292,707.10
Fibonacci2,605.662,619.632,628.252,642.222,656.192,664.812,678.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,352.562,444.712,503.192,595.342,653.822,745.972,804.45
Camarilla2,520.242,534.052,547.852,561.662,575.472,589.282,603.08
Woodie2,335.722,436.292,486.352,586.922,636.982,737.552,787.61
Fibonacci2,444.712,502.252,537.802,595.342,652.882,688.432,745.97


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.03
MACD (12,26,9): 0.4000
Directional Movement: -7.29
AROON (14): -42.86
DEMA (21): 2,667.52
Parabolic SAR (0,02-0,02-0,2): 2,671.43
Elder Ray (13): -0.58
Super Trend (3,10): 2,663.09
Zig ZAG (10): 2,667.37
VORTEX (21): 1.0100
Stochastique (14,3,5): 44.46
TEMA (21): 2,665.99
Williams %R (14): -59.13
Chande Momentum Oscillator (20): 1.30
Repulse (5,40,3): -0.0600
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.20
MA7: 2,609.58
MA20: 2,678.25
MA50: 2,661.90
MA100: 2,557.68
MAexp7: 2,666.95
MAexp20: 2,666.55
MAexp50: 2,663.33
MAexp100: 2,656.63
Price / MA7: +2.29%
Price / MA20: -0.33%
Price / MA50: +0.28%
Price / MA100: +4.36%
Price / MAexp7: +0.09%
Price / MAexp20: +0.10%
Price / MAexp50: +0.22%
Price / MAexp100: +0.48%

Quotes : - Real time data - Gold & Silver Spot

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

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