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 05/21/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

17%

50%

My opinion

Bearish under 2,427.89 USD

My targets

2,405.70 USD (-0.46%)

2,385.18 USD (-1.31%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,427.89 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,427.89 USD. The next bearish objective for sellers is set at 2,405.70 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,385.18 USD. In case of crossing, the next objective would be the support located at 2,362.99 USD. PS: if there is a bullish break in the resistance located at 2,427.89 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

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 rating is 2,416.86 USD. The price registered a decrease of -0.39% on the session and was between 2,406.29 USD and 2,433.09 USD. This implies that the price is at +0.44% from its lowest and at -0.67% from its highest.

2,406.29

2,433.09

2,416.86

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

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:

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 bearish trend. 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 several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,378.50	2,390.13	2,407.38	2,416.86	2,437.39	2,450.09
Change (%)	-1.59%	-1.11%	-0.39%	-	+0.85%	+1.37%
Change	-38.36	-26.73	-9.48	-	+20.53	+33.23
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major

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	2,362.99	2,385.18	2,405.70	2,427.89	2,448.41	2,470.60	2,491.12
Camarilla	2,414.47	2,418.38	2,422.30	2,426.21	2,430.13	2,434.04	2,437.96
Woodie	2,362.15	2,384.76	2,404.86	2,427.47	2,447.57	2,470.18	2,490.28
Fibonacci	2,385.18	2,401.50	2,411.58	2,427.89	2,444.21	2,454.29	2,470.60

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.36
MACD (12,26,9):	-0.3000
Directional Movement:	-0.79
AROON (14):	21.43
DEMA (21):	2,416.04
Parabolic SAR (0,02-0,02-0,2):	2,412.24
Elder Ray (13):	0.35
Super Trend (3,10):	2,423.98
Zig ZAG (10):	2,416.48
VORTEX (21):	1.0500
Stochastique (14,3,5):	62.45
TEMA (21):	2,417.29
Williams %R (14):	-45.38
Chande Momentum Oscillator (20):	0.57
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.17

MA7:	2,389.07
MA20:	2,345.99
MA50:	2,299.42
MA100:	2,172.27
MAexp7:	2,416.53
MAexp20:	2,417.04
MAexp50:	2,419.43
MAexp100:	2,420.80
Price / MA7:	+1.16%
Price / MA20:	+3.02%
Price / MA50:	+5.11%
Price / MA100:	+11.26%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.01%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.16%

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:

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

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