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 05/07/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

22%

56%

My opinion

Bullish above 2,316.64 USD

My targets

2,341.41 USD (+0.64%)

2,356.80 USD (+1.30%)

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 2,316.64 USD. The buyers' bullish objective is set at 2,341.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,356.80 USD. If there is any crossing, the next objective would be the resistance located at 2,381.57 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

Force

5.4

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

Additional analysis

Quotes

The GOLD - USD price is 2,326.55 USD. On the day, this instrument gained +0.02% and was between 2,325.74 USD and 2,326.81 USD. This implies that the price is at +0.03% from its lowest and at -0.01% from its highest.

2,325.74

2,326.81

2,326.55

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this GOLD - USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,281.63	2,305.17	2,320.36	2,326.55	2,336.02	2,352.61	2,390.13
Change (%)	-1.93%	-0.92%	-0.27%	-	+0.41%	+1.12%	+2.73%
Change	-44.92	-21.38	-6.19	-	+9.47	+26.06	+63.58
Level	Intermediate	Minor	Major	-	Major	Minor	Minor

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
Standard	2,261.09	2,276.48	2,301.25	2,316.64	2,341.41	2,356.80	2,381.57
Camarilla	2,314.99	2,318.67	2,322.35	2,326.03	2,329.71	2,333.39	2,337.07
Woodie	2,265.79	2,278.83	2,305.95	2,318.99	2,346.11	2,359.15	2,386.27
Fibonacci	2,276.48	2,291.82	2,301.30	2,316.64	2,331.98	2,341.46	2,356.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,200.35	2,238.85	2,269.77	2,308.27	2,339.19	2,377.69	2,408.61
Camarilla	2,281.61	2,287.97	2,294.34	2,300.70	2,307.06	2,313.43	2,319.79
Woodie	2,196.57	2,236.96	2,265.99	2,306.38	2,335.41	2,375.80	2,404.83
Fibonacci	2,238.85	2,265.37	2,281.75	2,308.27	2,334.79	2,351.17	2,377.69

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):	51.83
MACD (12,26,9):	0.4500
Directional Movement:	1.55
AROON (14):	-64.29
DEMA (21):	2,325.67
Parabolic SAR (0,02-0,02-0,2):	2,322.11
Elder Ray (13):	-0.05
Super Trend (3,10):	2,319.53
Zig ZAG (10):	2,324.94
VORTEX (21):	1.0500
Stochastique (14,3,5):	32.06
TEMA (21):	2,325.05
Williams %R (14):	-59.91
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.02

MA7:	2,316.42
MA20:	2,341.67
MA50:	2,240.98
MA100:	2,137.04
MAexp7:	2,325.27
MAexp20:	2,324.95
MAexp50:	2,322.87
MAexp100:	2,318.17
Price / MA7:	+0.44%
Price / MA20:	-0.65%
Price / MA50:	+3.82%
Price / MA100:	+8.87%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.07%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.36%

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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