GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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Type: Commodities
Ticker: XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 12/06/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 2,637.67 USD
My targets
2,651.77 USD (+0.38%)
2,669.72 USD (+1.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,637.67 USD. The buyers' bullish objective is set at 2,651.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,669.72 USD. If there is any crossing, the next objective would be the resistance located at 2,683.82 USD.

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
0
10
6.3

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:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 2,641.80 USD. The price registered an increase of +0.30% on the session and was between 2,613.54 USD and 2,645.70 USD. This implies that the price is at +1.08% from its lowest and at -0.15% from its highest.

2,613.54
2,645.70
2,641.80

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
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


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,621.91 2,627.09 2,632.44 2,641.80 2,641.99 2,655.62 2,666.61
Change (%) -0.75% -0.56% -0.35% - +0.01% +0.52% +0.94%
Change -19.89 -14.71 -9.36 - +0.19 +13.82 +24.81
Level Major Minor Intermediate - Minor Intermediate Intermediate



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
Standard2,587.672,605.622,619.722,637.672,651.772,669.722,683.82
Camarilla2,625.012,627.942,630.882,633.822,636.762,639.702,642.63
Woodie2,585.752,604.662,617.802,636.712,649.852,668.762,681.90
Fibonacci2,605.622,617.862,625.432,637.672,649.912,657.482,669.72


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,480.502,542.892,596.572,658.962,712.642,775.032,828.71
Camarilla2,618.342,628.982,639.622,650.262,660.902,671.542,682.18
Woodie2,476.162,540.712,592.232,656.782,708.302,772.852,824.37
Fibonacci2,542.892,587.232,614.622,658.962,703.302,730.692,775.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,311.932,424.402,537.332,649.802,762.732,875.202,988.13
Camarilla2,588.282,608.942,629.602,650.262,670.922,691.582,712.25
Woodie2,312.162,424.522,537.562,649.922,762.962,875.322,988.36
Fibonacci2,424.402,510.502,563.702,649.802,735.902,789.102,875.20

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): 59.98
MACD (12,26,9): 2.1800
Directional Movement: 8.24
AROON (14): 50.00
DEMA (21): 2,642.94
Parabolic SAR (0,02-0,02-0,2): 2,637.37
Elder Ray (13): 1.66
Super Trend (3,10): 2,634.54
Zig ZAG (10): 2,643.32
VORTEX (21): 1.0100
Stochastique (14,3,5): 67.36
TEMA (21): 2,643.57
Williams %R (14): -36.46
Chande Momentum Oscillator (20): 2.70
Repulse (5,40,3): 0.0100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.19
MA7: 2,642.90
MA20: 2,629.30
MA50: 2,668.27
MA100: 2,583.49
MAexp7: 2,641.87
MAexp20: 2,640.00
MAexp50: 2,637.37
MAexp100: 2,638.04
Price / MA7: -0.04%
Price / MA20: +0.48%
Price / MA50: -0.99%
Price / MA100: +2.26%
Price / MAexp7: +0.00%
Price / MAexp20: +0.07%
Price / MAexp50: +0.17%
Price / MAexp100: +0.14%

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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