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 05/02/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 2,311.28 USD

My targets

2,264.55 USD (-1.09%)

2,247.46 USD (-1.83%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,311.28 USD. The sellers' bearish objective is set at 2,264.55 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,247.46 USD. In case of crossing, the next objective would be the support located at 2,183.68 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

6.8

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

Additional analysis

Quotes

The GOLD - USD price is 2,289.45 USD. On the day, this instrument lost -1.48% with the lowest point at 2,286.15 USD and the highest point at 2,326.51 USD. The deviation from the price is +0.14% for the low point and -1.59% for the high point.

2,286.15

2,326.51

2,289.45

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

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, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 15 min. of this GOLD - USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes

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:

Three black crows

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,049.28	2,183.68	2,281.63	2,289.45	2,291.48	2,305.17	2,316.32
Change (%)	-10.49%	-4.62%	-0.34%	-	+0.09%	+0.69%	+1.17%
Change	-240.17	-105.77	-7.82	-	+2.03	+15.72	+26.87
Level	Major	Minor	Minor	-	Minor	Minor	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	2,247.46	2,264.55	2,294.19	2,311.28	2,340.92	2,358.01	2,387.65
Camarilla	2,310.99	2,315.27	2,319.56	2,323.84	2,328.12	2,332.41	2,336.69
Woodie	2,253.75	2,267.69	2,300.48	2,314.42	2,347.21	2,361.15	2,393.94
Fibonacci	2,264.55	2,282.40	2,293.43	2,311.28	2,329.13	2,340.16	2,358.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,187.28	2,239.38	2,287.70	2,339.80	2,388.12	2,440.22	2,488.54
Camarilla	2,308.41	2,317.61	2,326.82	2,336.02	2,345.23	2,354.43	2,363.64
Woodie	2,185.39	2,238.44	2,285.81	2,338.86	2,386.23	2,439.28	2,486.65
Fibonacci	2,239.38	2,277.74	2,301.44	2,339.80	2,378.16	2,401.86	2,440.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	30.43
MACD (12,26,9):	-3.5500
Directional Movement:	-13.84
AROON (14):	-7.14
DEMA (21):	2,296.25
Parabolic SAR (0,02-0,02-0,2):	2,304.53
Elder Ray (13):	-5.81
Super Trend (3,10):	2,306.44
Zig ZAG (10):	2,290.93
VORTEX (21):	0.7800
Stochastique (14,3,5):	28.55
TEMA (21):	2,294.83
Williams %R (14):	-87.71
Chande Momentum Oscillator (20):	-6.24
Repulse (5,40,3):	-0.4600
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.45

MA7:	2,317.22
MA20:	2,343.06
MA50:	2,229.47
MA100:	2,130.84
MAexp7:	2,294.82
MAexp20:	2,301.39
MAexp50:	2,306.62
MAexp100:	2,307.85
Price / MA7:	-1.20%
Price / MA20:	-2.29%
Price / MA50:	+2.69%
Price / MA100:	+7.44%
Price / MAexp7:	-0.23%
Price / MAexp20:	-0.52%
Price / MAexp50:	-0.74%
Price / MAexp100:	-0.80%

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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