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

GOLD - USD - 15 min. - Technical analysis published on 04/12/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 2,360.77 USD
My targets
2,395.70 USD (+0.28%)
2,414.54 USD (+1.07%)
My analysis
The basic trend is bullish on GOLD - USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 2,360.77 USD. Sellers would then use the next support located at 2,341.93 USD as an objective. Crossing it would then enable sellers to target 2,307.00 USD. If there is a return to above the resistance located at 2,395.70 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 2,414.54 USD and 2,449.47 USD by extension.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1

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:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 2,388.92 USD. On the day, this instrument gained +0.51% with the lowest point at 2,374.63 USD and the highest point at 2,431.55 USD. The deviation from the price is +0.60% for the low point and -1.75% for the high point.

2,374.63
2,431.55
2,388.92

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

Central Records

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 bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 15 minutes


Three white soldiers

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,288.35 2,319.21 2,347.13 2,388.92
Change (%) -4.21% -2.92% -1.75% -
Change -100.57 -69.71 -41.79 -
Level Minor Intermediate 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
Standard2,288.162,307.002,341.932,360.772,395.702,414.542,449.47
Camarilla2,362.082,367.012,371.942,376.872,381.802,386.732,391.66
Woodie2,296.222,311.022,349.992,364.792,403.762,418.562,457.53
Fibonacci2,307.002,327.542,340.232,360.772,381.312,394.002,414.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,156.812,192.672,258.762,294.622,360.712,396.572,462.66
Camarilla2,296.822,306.172,315.522,324.862,334.212,343.552,352.90
Woodie2,171.942,200.232,273.892,302.182,375.842,404.132,477.79
Fibonacci2,192.672,231.612,255.672,294.622,333.562,357.622,396.57


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

Technical indicators
Moving averages

RSI (14): 84.69
MACD (12,26,9): 7.3800
Directional Movement: 32.50
AROON (14): 100.00
DEMA (21): 2,414.57
Parabolic SAR (0,02-0,02-0,2): 2,402.70
Elder Ray (13): 17.85
Super Trend (3,10): 2,406.54
Zig ZAG (10): 2,423.97
VORTEX (21): 1.2300
Stochastique (14,3,5): 85.82
TEMA (21): 2,417.26
Williams %R (14): -26.35
Chande Momentum Oscillator (20): 27.58
Repulse (5,40,3): 0.1300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.39
MA7: 2,346.02
MA20: 2,253.08
MA50: 2,140.71
MA100: 2,086.60
MAexp7: 2,412.18
MAexp20: 2,406.11
MAexp50: 2,396.09
MAexp100: 2,383.60
Price / MA7: +1.83%
Price / MA20: +6.03%
Price / MA50: +11.59%
Price / MA100: +14.49%
Price / MAexp7: -0.96%
Price / MAexp20: -0.71%
Price / MAexp50: -0.29%
Price / MAexp100: +0.23%

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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