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 03/28/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2,201.10 USD

My targets

2,225.29 USD (+0.25%)

2,231.94 USD (+0.55%)

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 2,201.10 USD. The buyers' bullish objective is set at 2,225.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,231.94 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

8.9

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 2,219.71 USD. The price registered an increase of +1.32% on the session and was between 2,187.39 USD and 2,225.54 USD. This implies that the price is at +1.48% from its lowest and at -0.26% from its highest.

2,187.39

2,225.54

2,219.71

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 study of the highest / lowest by the Central Records scanner shows the following results:

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. 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, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,181.43	2,203.99	2,211.82	2,219.71	2,231.94
Change (%)	-1.72%	-0.71%	-0.36%	-	+0.55%
Change	-38.28	-15.72	-7.89	-	+12.23
Level	Minor	Major	Minor	-	Intermediate

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	2,152.72	2,163.09	2,176.91	2,187.28	2,201.10	2,211.47	2,225.29
Camarilla	2,184.09	2,186.31	2,188.52	2,190.74	2,192.96	2,195.18	2,197.39
Woodie	2,154.46	2,163.95	2,178.65	2,188.14	2,202.84	2,212.33	2,227.03
Fibonacci	2,163.09	2,172.33	2,178.04	2,187.28	2,196.52	2,202.23	2,211.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,044.37	2,095.22	2,130.25	2,181.10	2,216.13	2,266.98	2,302.01
Camarilla	2,141.67	2,149.55	2,157.42	2,165.29	2,173.16	2,181.04	2,188.91
Woodie	2,036.47	2,091.27	2,122.35	2,177.15	2,208.23	2,263.03	2,294.11
Fibonacci	2,095.22	2,128.02	2,148.29	2,181.10	2,213.90	2,234.17	2,266.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,916.03	1,950.16	1,997.23	2,031.36	2,078.43	2,112.56	2,159.63
Camarilla	2,021.98	2,029.42	2,036.87	2,044.31	2,051.75	2,059.20	2,066.64
Woodie	1,922.51	1,953.40	2,003.71	2,034.60	2,084.91	2,115.80	2,166.11
Fibonacci	1,950.16	1,981.18	2,000.34	2,031.36	2,062.38	2,081.54	2,112.56

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):	67.75
MACD (12,26,9):	3.8200
Directional Movement:	19.07
AROON (14):	78.57
DEMA (21):	2,217.39
Parabolic SAR (0,02-0,02-0,2):	2,207.22
Elder Ray (13):	6.22
Super Trend (3,10):	2,207.69
Zig ZAG (10):	2,221.90
VORTEX (21):	1.0800
Stochastique (14,3,5):	90.54
TEMA (21):	2,219.01
Williams %R (14):	-2.37
Chande Momentum Oscillator (20):	16.85
Repulse (5,40,3):	0.5200
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.54

MA7:	2,188.24
MA20:	2,164.10
MA50:	2,081.26
MA100:	2,050.53
MAexp7:	2,218.57
MAexp20:	2,212.32
MAexp50:	2,206.07
MAexp100:	2,199.85
Price / MA7:	+1.44%
Price / MA20:	+2.57%
Price / MA50:	+6.65%
Price / MA100:	+8.25%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.62%
Price / MAexp100:	+0.90%

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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