GOLD - USD - 15 min. - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2,325.61 USD
My targets
2,357.91 USD (+0.52%)
2,377.37 USD (+1.35%)
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 2,325.61 USD. The buyers' bullish objective is set at 2,357.91 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,377.37 USD. If there is any crossing, the next objective would be the resistance located at 2,390.21 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The GOLD - USD rating is 2,345.65 USD. The price has increased by +0.31% since the last closing and was traded between 2,334.86 USD and 2,348.28 USD over the period. The price is currently at +0.46% from its lowest and -0.11% from its highest.2,334.86
2,348.28
2,345.65
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
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported 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, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,309.60 | 2,321.12 | 2,332.09 | 2,345.65 | 2,356.39 | 2,378.50 | 2,390.13 |
Change (%) | -1.54% | -1.05% | -0.58% | - | +0.46% | +1.40% | +1.90% |
Change | -36.05 | -24.53 | -13.56 | - | +10.74 | +32.85 | +44.48 |
Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,293.31 | 2,312.77 | 2,325.61 | 2,345.07 | 2,357.91 | 2,377.37 | 2,390.21 |
Camarilla | 2,329.56 | 2,332.52 | 2,335.48 | 2,338.44 | 2,341.40 | 2,344.36 | 2,347.32 |
Woodie | 2,289.99 | 2,311.12 | 2,322.29 | 2,343.42 | 2,354.59 | 2,375.72 | 2,386.89 |
Fibonacci | 2,312.77 | 2,325.11 | 2,332.74 | 2,345.07 | 2,357.41 | 2,365.04 | 2,377.37 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,224.09 | 2,257.98 | 2,310.73 | 2,344.62 | 2,397.37 | 2,431.26 | 2,484.01 |
Camarilla | 2,339.66 | 2,347.61 | 2,355.55 | 2,363.49 | 2,371.43 | 2,379.37 | 2,387.32 |
Woodie | 2,233.53 | 2,262.70 | 2,320.17 | 2,349.34 | 2,406.81 | 2,435.98 | 2,493.45 |
Fibonacci | 2,257.98 | 2,291.07 | 2,311.52 | 2,344.62 | 2,377.71 | 2,398.16 | 2,431.26 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 60.27 | |
MACD (12,26,9): | 1.2100 | |
Directional Movement: | 8.49 | |
AROON (14): | 57.14 | |
DEMA (21): | 2,344.27 | |
Parabolic SAR (0,02-0,02-0,2): | 2,338.68 | |
Elder Ray (13): | 2.41 | |
Super Trend (3,10): | 2,339.00 | |
Zig ZAG (10): | 2,346.06 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 77.62 | |
TEMA (21): | 2,344.90 | |
Williams %R (14): | -20.21 | |
Chande Momentum Oscillator (20): | 5.91 | |
Repulse (5,40,3): | -0.0400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.32 |
MA7: | 2,334.99 | |
MA20: | 2,333.81 | |
MA50: | 2,274.60 | |
MA100: | 2,155.16 | |
MAexp7: | 2,345.58 | |
MAexp20: | 2,342.95 | |
MAexp50: | 2,341.86 | |
MAexp100: | 2,343.05 | |
Price / MA7: | +0.46% | |
Price / MA20: | +0.51% | |
Price / MA50: | +3.12% | |
Price / MA100: | +8.84% | |
Price / MAexp7: | +0.00% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.16% | |
Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
- Gold Long Term Forecast for May 12, by Chris Lewis, for #fxempire #trading #gold #xauusd
- Gold Daily Forecast and Technical Analysis for May 10, 2024 by Bruce Powers, CMT, FX Empire
- Gold Long Term Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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