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 05/22/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 2,420.69 USD

My targets

2,407.41 USD (-0.32%)

2,393.01 USD (-0.91%)

My analysis

There is a bearish trend on GOLD - USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 2,420.69 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 2,407.41 USD. Then the price could move towards 2,393.01 USD. Then 2,379.73 USD by extension. Be careful, a return to above the resistance 2,420.69 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.3

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 price is 2,415.07 USD. The price is lower by -0.28% since the last closing with the lowest point at 2,410.64 USD and the highest point at 2,426.61 USD. The deviation from the price is +0.18% for the low point and -0.48% for the high point.

2,410.64

2,426.61

2,415.07

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 GOLD - USD in 15 min. shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes

Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

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

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

Doji

Type : Neutral

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,374.05	2,390.13	2,406.65	2,415.07	2,425.11	2,450.09
Change (%)	-1.70%	-1.03%	-0.35%	-	+0.42%	+1.45%
Change	-41.02	-24.94	-8.42	-	+10.04	+35.02
Level	Minor	Intermediate	Major	-	Minor	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	2,379.73	2,393.01	2,407.41	2,420.69	2,435.09	2,448.37	2,462.77
Camarilla	2,414.20	2,416.74	2,419.27	2,421.81	2,424.35	2,426.89	2,429.42
Woodie	2,380.29	2,393.29	2,407.97	2,420.97	2,435.65	2,448.65	2,463.33
Fibonacci	2,393.01	2,403.58	2,410.12	2,420.69	2,431.26	2,437.80	2,448.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,267.63	2,299.93	2,358.18	2,390.48	2,448.73	2,481.03	2,539.28
Camarilla	2,391.52	2,399.82	2,408.12	2,416.42	2,424.72	2,433.02	2,441.32
Woodie	2,280.60	2,306.42	2,371.15	2,396.97	2,461.70	2,487.52	2,552.25
Fibonacci	2,299.93	2,334.52	2,355.89	2,390.48	2,425.07	2,446.44	2,481.03

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):	50.98
MACD (12,26,9):	-0.6700
Directional Movement:	-8.28
AROON (14):	-35.71
DEMA (21):	2,414.76
Parabolic SAR (0,02-0,02-0,2):	2,410.64
Elder Ray (13):	1.18
Super Trend (3,10):	2,421.44
Zig ZAG (10):	2,416.94
VORTEX (21):	1.0600
Stochastique (14,3,5):	72.07
TEMA (21):	2,415.19
Williams %R (14):	-28.48
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	0.0300
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.11

MA7:	2,401.06
MA20:	2,351.31
MA50:	2,304.73
MA100:	2,175.90
MAexp7:	2,415.67
MAexp20:	2,416.01
MAexp50:	2,417.80
MAexp100:	2,419.57
Price / MA7:	+0.58%
Price / MA20:	+2.71%
Price / MA50:	+4.79%
Price / MA100:	+10.99%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.19%

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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