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 04/10/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 2,352.73 USD

My targets

2,340.06 USD (-0.28%)

2,325.17 USD (-0.92%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 2,352.73 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,340.06 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,325.17 USD as an objective. Crossing it would then enable sellers to target 2,312.50 USD. If the resistance 2,352.73 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,346.66 USD. The price registered a decrease of -0.35% on the session and was traded between 2,319.41 USD and 2,360.12 USD over the period. The price is currently at +1.17% from its lowest and -0.57% from its highest.

2,319.41

2,360.12

2,346.66

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 bearish. 78.57% 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:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,265.76	2,305.30	2,338.19	2,346.66	2,365.18
Change (%)	-3.45%	-1.76%	-0.36%	-	+0.79%
Change	-80.90	-41.36	-8.47	-	+18.52
Level	Major	Minor	Intermediate	-	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
Standard	2,312.50	2,325.17	2,340.06	2,352.73	2,367.62	2,380.29	2,395.18
Camarilla	2,347.38	2,349.91	2,352.43	2,354.96	2,357.49	2,360.01	2,362.54
Woodie	2,313.62	2,325.73	2,341.18	2,353.29	2,368.74	2,380.85	2,396.30
Fibonacci	2,325.17	2,335.70	2,342.20	2,352.73	2,363.26	2,369.76	2,380.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,156.81	2,192.67	2,258.76	2,294.62	2,360.71	2,396.57	2,462.66
Camarilla	2,296.82	2,306.17	2,315.52	2,324.86	2,334.21	2,343.55	2,352.90
Woodie	2,171.94	2,200.23	2,273.89	2,302.18	2,375.84	2,404.13	2,477.79
Fibonacci	2,192.67	2,231.61	2,255.67	2,294.62	2,333.56	2,357.62	2,396.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

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):	38.46
MACD (12,26,9):	-5.4400
Directional Movement:	-20.70
AROON (14):	-35.71
DEMA (21):	2,334.85
Parabolic SAR (0,02-0,02-0,2):	2,344.79
Elder Ray (13):	-3.14
Super Trend (3,10):	2,345.16
Zig ZAG (10):	2,340.02
VORTEX (21):	0.8400
Stochastique (14,3,5):	54.38
TEMA (21):	2,332.84
Williams %R (14):	-25.88
Chande Momentum Oscillator (20):	-4.82
Repulse (5,40,3):	0.6300
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.14

MA7:	2,319.37
MA20:	2,231.23
MA50:	2,127.11
MA100:	2,078.67
MAexp7:	2,338.25
MAexp20:	2,341.13
MAexp50:	2,346.71
MAexp100:	2,348.01
Price / MA7:	+1.18%
Price / MA20:	+5.17%
Price / MA50:	+10.32%
Price / MA100:	+12.89%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.24%
Price / MAexp50:	+0.00%
Price / MAexp100:	-0.06%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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