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 11/22/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2,678.33 USD

My targets

2,721.33 USD (+0.77%)

2,785.43 USD (+3.14%)

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 2,678.33 USD. The next resistance located at 2,721.33 USD 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 2,785.43 USD. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 Noreir. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,700.62 USD. The price registered an increase of +1.18% on the session and was between 2,668.87 USD and 2,710.19 USD. This implies that the price is at +1.19% from its lowest and at -0.35% from its highest.

2,668.87

2,710.19

2,700.62

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.

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:

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 this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

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 70

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,619.17	2,641.86	2,672.68	2,700.62	2,721.33	2,785.43
Change (%)	-3.02%	-2.18%	-1.03%	-	+0.77%	+3.14%
Change	-81.45	-58.76	-27.94	-	+20.71	+84.81
Level	Major	Minor	Intermediate	-	Minor	Major

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	2,632.13	2,641.29	2,655.23	2,664.39	2,678.33	2,687.49	2,701.43
Camarilla	2,662.81	2,664.93	2,667.04	2,669.16	2,671.28	2,673.40	2,675.51
Woodie	2,634.51	2,642.49	2,657.61	2,665.59	2,680.71	2,688.69	2,703.81
Fibonacci	2,641.29	2,650.12	2,655.57	2,664.39	2,673.22	2,678.67	2,687.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,352.56	2,444.71	2,503.19	2,595.34	2,653.82	2,745.97	2,804.45
Camarilla	2,520.24	2,534.05	2,547.85	2,561.66	2,575.47	2,589.28	2,603.08
Woodie	2,335.72	2,436.29	2,486.35	2,586.92	2,636.98	2,737.55	2,787.61
Fibonacci	2,444.71	2,502.25	2,537.80	2,595.34	2,652.88	2,688.43	2,745.97

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.86
MACD (12,26,9):	5.9000
Directional Movement:	26.55
AROON (14):	100.00
DEMA (21):	2,707.38
Parabolic SAR (0,02-0,02-0,2):	2,702.68
Elder Ray (13):	6.13
Super Trend (3,10):	2,696.96
Zig ZAG (10):	2,707.28
VORTEX (21):	1.2800
Stochastique (14,3,5):	90.76
TEMA (21):	2,708.34
Williams %R (14):	-23.94
Chande Momentum Oscillator (20):	9.46
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.88

MA7:	2,628.79
MA20:	2,676.27
MA50:	2,664.54
MA100:	2,560.87
MAexp7:	2,704.73
MAexp20:	2,699.52
MAexp50:	2,690.01
MAexp100:	2,680.07
Price / MA7:	+2.73%
Price / MA20:	+0.91%
Price / MA50:	+1.35%
Price / MA100:	+5.46%
Price / MAexp7:	-0.15%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.39%
Price / MAexp100:	+0.77%

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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