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 12/03/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2,665.32 USD

My targets

2,620.52 USD (-0.86%)

2,598.81 USD (-1.69%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2,665.32 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2,620.52 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2,598.81 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2,575.72 USD. Beware of a possible return to above the resistance located at 2,665.32 USD which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.8

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

Additional analysis

Quotes

GOLD - USD rating 2,643.37 USD. The price has increased by +0.04% since the last closing and was traded between 2,634.12 USD and 2,655.62 USD over the period. The price is currently at +0.35% from its lowest and -0.46% from its highest.

2,634.12

2,655.62

2,643.37

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

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 slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,605.27	2,621.44	2,633.91	2,643.37	2,672.68	2,688.78	2,721.34
Change (%)	-1.44%	-0.83%	-0.36%	-	+1.11%	+1.72%	+2.95%
Change	-38.10	-21.93	-9.46	-	+29.31	+45.41	+77.97
Level	Minor	Major	Minor	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,575.72	2,598.81	2,620.52	2,643.61	2,665.32	2,688.41	2,710.12
Camarilla	2,629.90	2,634.01	2,638.11	2,642.22	2,646.33	2,650.43	2,654.54
Woodie	2,575.02	2,598.47	2,619.82	2,643.27	2,664.62	2,688.07	2,709.42
Fibonacci	2,598.81	2,615.93	2,626.50	2,643.61	2,660.73	2,671.30	2,688.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,480.50	2,542.89	2,596.57	2,658.96	2,712.64	2,775.03	2,828.71
Camarilla	2,618.34	2,628.98	2,639.62	2,650.26	2,660.90	2,671.54	2,682.18
Woodie	2,476.16	2,540.71	2,592.23	2,656.78	2,708.30	2,772.85	2,824.37
Fibonacci	2,542.89	2,587.23	2,614.62	2,658.96	2,703.30	2,730.69	2,775.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,311.93	2,424.40	2,537.33	2,649.80	2,762.73	2,875.20	2,988.13
Camarilla	2,588.28	2,608.94	2,629.60	2,650.26	2,670.92	2,691.58	2,712.25
Woodie	2,312.16	2,424.52	2,537.56	2,649.92	2,762.96	2,875.32	2,988.36
Fibonacci	2,424.40	2,510.50	2,563.70	2,649.80	2,735.90	2,789.10	2,875.20

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):	44.23
MACD (12,26,9):	-0.5700
Directional Movement:	-3.16
AROON (14):	50.00
DEMA (21):	2,643.52
Parabolic SAR (0,02-0,02-0,2):	2,637.14
Elder Ray (13):	-2.08
Super Trend (3,10):	2,651.06
Zig ZAG (10):	2,641.81
VORTEX (21):	0.9100
Stochastique (14,3,5):	13.55
TEMA (21):	2,642.71
Williams %R (14):	-88.54
Chande Momentum Oscillator (20):	-6.52
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.02

MA7:	2,636.46
MA20:	2,635.87
MA50:	2,669.50
MA100:	2,577.28
MAexp7:	2,642.83
MAexp20:	2,643.97
MAexp50:	2,643.90
MAexp100:	2,643.38
Price / MA7:	+0.26%
Price / MA20:	+0.28%
Price / MA50:	-0.98%
Price / MA100:	+2.56%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.02%
Price / MAexp100:	-0%

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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