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 04/22/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 2,393.63 USD

My targets

2,348.57 USD (-0.61%)

2,324.29 USD (-1.64%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,393.63 USD. The sellers' bearish objective is set at 2,348.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,324.29 USD. In case of crossing, the next objective would be the support located at 2,203.99 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.9

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

GOLD - USD rating 2,362.97 USD. On the day, this instrument lost -1.14% and was between 2,362.12 USD and 2,391.90 USD. This implies that the price is at +0.04% from its lowest and at -1.21% from its highest.

2,362.12

2,391.90

2,362.97

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Black hanging man / hammer

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,203.99	2,324.92	2,354.74	2,362.97	2,373.07	2,389.75	2,398.33
Change (%)	-6.73%	-1.61%	-0.35%	-	+0.43%	+1.13%	+1.50%
Change	-158.98	-38.05	-8.23	-	+10.10	+26.78	+35.36
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,324.29	2,348.57	2,369.35	2,393.63	2,414.41	2,438.69	2,459.47
Camarilla	2,377.74	2,381.87	2,386.00	2,390.13	2,394.26	2,398.39	2,402.52
Woodie	2,322.54	2,347.70	2,367.60	2,392.76	2,412.66	2,437.82	2,457.72
Fibonacci	2,348.57	2,365.78	2,376.42	2,393.63	2,410.84	2,421.48	2,438.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,245.34	2,285.41	2,337.77	2,377.84	2,430.20	2,470.27	2,522.63
Camarilla	2,364.71	2,373.19	2,381.66	2,390.13	2,398.60	2,407.08	2,415.55
Woodie	2,251.49	2,288.48	2,343.92	2,380.91	2,436.35	2,473.34	2,528.78
Fibonacci	2,285.41	2,320.72	2,342.53	2,377.84	2,413.15	2,434.96	2,470.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

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):	26.10
MACD (12,26,9):	-4.0500
Directional Movement:	-26.96
AROON (14):	-100.00
DEMA (21):	2,375.17
Parabolic SAR (0,02-0,02-0,2):	2,377.34
Elder Ray (13):	-6.83
Super Trend (3,10):	2,380.79
Zig ZAG (10):	2,372.09
VORTEX (21):	0.7000
Stochastique (14,3,5):	7.36
TEMA (21):	2,372.20
Williams %R (14):	-89.70
Chande Momentum Oscillator (20):	-12.72
Repulse (5,40,3):	-0.2900
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.90

MA7:	2,373.10
MA20:	2,311.79
MA50:	2,180.86
MA100:	2,107.74
MAexp7:	2,372.49
MAexp20:	2,379.87
MAexp50:	2,384.04
MAexp100:	2,384.85
Price / MA7:	-0.43%
Price / MA20:	+2.21%
Price / MA50:	+8.35%
Price / MA100:	+12.11%
Price / MAexp7:	-0.40%
Price / MAexp20:	-0.71%
Price / MAexp50:	-0.88%
Price / MAexp100:	-0.92%

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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