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 05/20/2024 (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

72%

28%

My opinion

Bullish above 2,404.39 USD

My targets

2,453.21 USD (+0.34%)

2,483.64 USD (+1.58%)

My analysis

GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,404.39 USD. The next resistance located at 2,453.21 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,483.64 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 2,444.96 USD. The price has increased by +1.18% since the last closing and was between 2,416.54 USD and 2,450.09 USD. This implies that the price is at +1.18% from its lowest and at -0.21% from its highest.

2,416.54

2,450.09

2,444.96

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

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. 92.86% 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, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,374.01	2,390.13	2,397.46	2,444.96
Change (%)	-2.90%	-2.24%	-1.94%	-
Change	-70.95	-54.83	-47.50	-
Level	Intermediate	Intermediate	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	2,337.18	2,355.57	2,386.00	2,404.39	2,434.82	2,453.21	2,483.64
Camarilla	2,403.00	2,407.47	2,411.95	2,416.42	2,420.90	2,425.37	2,429.85
Woodie	2,343.19	2,358.58	2,392.01	2,407.40	2,440.83	2,456.22	2,489.65
Fibonacci	2,355.57	2,374.22	2,385.74	2,404.39	2,423.04	2,434.56	2,453.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,267.63	2,299.93	2,358.18	2,390.48	2,448.73	2,481.03	2,539.28
Camarilla	2,391.52	2,399.82	2,408.12	2,416.42	2,424.72	2,433.02	2,441.32
Woodie	2,280.60	2,306.42	2,371.15	2,396.97	2,461.70	2,487.52	2,552.25
Fibonacci	2,299.93	2,334.52	2,355.89	2,390.48	2,425.07	2,446.44	2,481.03

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):	73.91
MACD (12,26,9):	6.2500
Directional Movement:	27.46
AROON (14):	85.72
DEMA (21):	2,445.16
Parabolic SAR (0,02-0,02-0,2):	2,436.51
Elder Ray (13):	7.30
Super Trend (3,10):	2,436.34
Zig ZAG (10):	2,448.16
VORTEX (21):	1.2200
Stochastique (14,3,5):	97.66
TEMA (21):	2,446.83
Williams %R (14):	-10.45
Chande Momentum Oscillator (20):	15.43
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.93

MA7:	2,384.65
MA20:	2,342.43
MA50:	2,295.22
MA100:	2,168.95
MAexp7:	2,445.30
MAexp20:	2,437.44
MAexp50:	2,426.35
MAexp100:	2,413.95
Price / MA7:	+2.53%
Price / MA20:	+4.38%
Price / MA50:	+6.52%
Price / MA100:	+12.73%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.31%
Price / MAexp50:	+0.77%
Price / MAexp100:	+1.28%

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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