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 05/17/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2,382.10 USD

My targets

2,419.63 USD (+0.49%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,382.10 USD, you could try to benefit from the boom. The first bullish objective is located at 2,419.63 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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 2,407.91 USD. The price registered an increase of +1.27% on the session with the lowest point at 2,373.97 USD and the highest point at 2,419.18 USD. The deviation from the price is +1.43% for the low point and -0.47% for the high point.

2,373.97

2,419.18

2,407.91

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner for higher/lower results shows the following items:

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

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes

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

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:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,378.50	2,390.13	2,397.46	2,407.91
Change (%)	-1.22%	-0.74%	-0.43%	-
Change	-29.41	-17.78	-10.45	-
Level	Intermediate	Major	Intermediate	-

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	2,340.28	2,355.65	2,366.73	2,382.10	2,393.18	2,408.55	2,419.63
Camarilla	2,370.55	2,372.97	2,375.40	2,377.82	2,380.25	2,382.67	2,385.09
Woodie	2,338.15	2,354.58	2,364.60	2,381.03	2,391.05	2,407.48	2,417.50
Fibonacci	2,355.65	2,365.75	2,371.99	2,382.10	2,392.20	2,398.44	2,408.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,224.09	2,257.98	2,310.73	2,344.62	2,397.37	2,431.26	2,484.01
Camarilla	2,339.66	2,347.61	2,355.55	2,363.49	2,371.43	2,379.37	2,387.32
Woodie	2,233.53	2,262.70	2,320.17	2,349.34	2,406.81	2,435.98	2,493.45
Fibonacci	2,257.98	2,291.07	2,311.52	2,344.62	2,377.71	2,398.16	2,431.26

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	82.00
MACD (12,26,9):	7.2700
Directional Movement:	33.93
AROON (14):	71.43
DEMA (21):	2,407.47
Parabolic SAR (0,02-0,02-0,2):	2,403.24
Elder Ray (13):	13.24
Super Trend (3,10):	2,400.64
Zig ZAG (10):	2,417.41
VORTEX (21):	1.3300
Stochastique (14,3,5):	92.14
TEMA (21):	2,411.15
Williams %R (14):	-15.52
Chande Momentum Oscillator (20):	25.80
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.64

MA7:	2,368.90
MA20:	2,336.20
MA50:	2,289.56
MA100:	2,165.03
MAexp7:	2,406.56
MAexp20:	2,398.84
MAexp50:	2,390.70
MAexp100:	2,386.08
Price / MA7:	+1.65%
Price / MA20:	+3.07%
Price / MA50:	+5.17%
Price / MA100:	+11.22%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.72%
Price / MAexp100:	+0.91%

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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