GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 04/03/2024 (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
83%
0%
17%
My opinion
Bullish above 2,282.27 USD
My targets
2,299.02 USD (+0.42%)
2,308.70 USD (+0.84%)
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 2,282.27 USD. The buyers' bullish objective is set at 2,299.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,308.70 USD. If there is any crossing, the next objective would be the resistance located at 2,325.45 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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 Justynape. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 2,289.36 USD. The price has increased by +0.41% since the last closing and was between 2,265.52 USD and 2,291.95 USD. This implies that the price is at +1.05% from its lowest and at -0.11% from its highest.

2,265.52
2,291.95
2,289.36

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 15 minutes



In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,203.99 2,228.52 2,265.86 2,289.36
Change (%) -3.73% -2.66% -1.03% -
Change -85.37 -60.84 -23.50 -
Level Major Minor Intermediate -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,246.162,255.842,272.592,282.272,299.022,308.702,325.45
Camarilla2,282.072,284.502,286.922,289.342,291.762,294.192,296.61
Woodie2,249.702,257.612,276.132,284.042,302.562,310.472,328.99
Fibonacci2,255.842,265.942,272.172,282.272,292.372,298.602,308.70


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,113.292,138.472,186.072,211.252,258.852,284.032,331.63
Camarilla2,213.672,220.342,227.012,233.682,240.352,247.022,253.70
Woodie2,124.512,144.082,197.292,216.862,270.072,289.642,342.85
Fibonacci2,138.472,166.272,183.452,211.252,239.052,256.232,284.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,905.681,972.372,103.032,169.722,300.382,367.072,497.73
Camarilla2,179.412,197.502,215.592,233.682,251.772,269.862,287.95
Woodie1,937.661,988.362,135.012,185.712,332.362,383.062,529.71
Fibonacci1,972.372,047.762,094.342,169.722,245.112,291.692,367.07

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): 63.78
MACD (12,26,9): 2.9600
Directional Movement: 15.79
AROON (14): 85.71
DEMA (21): 2,282.54
Parabolic SAR (0,02-0,02-0,2): 2,276.38
Elder Ray (13): 4.34
Super Trend (3,10): 2,272.02
Zig ZAG (10): 2,284.54
VORTEX (21): 1.1300
Stochastique (14,3,5): 75.86
TEMA (21): 2,285.03
Williams %R (14): -25.95
Chande Momentum Oscillator (20): 7.89
Repulse (5,40,3): 0.0100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.98
MA7: 2,227.35
MA20: 2,189.25
MA50: 2,096.26
MA100: 2,060.34
MAexp7: 2,283.96
MAexp20: 2,279.66
MAexp50: 2,277.40
MAexp100: 2,274.29
Price / MA7: +2.78%
Price / MA20: +4.57%
Price / MA50: +9.21%
Price / MA100: +11.12%
Price / MAexp7: +0.23%
Price / MAexp20: +0.42%
Price / MAexp50: +0.52%
Price / MAexp100: +0.66%

Quotes : - Real time data - Gold & Silver Spot

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

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