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 05/23/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 2,394.62 USD

My targets

2,362.62 USD (-0.27%)

2,342.97 USD (-1.10%)

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 2,394.62 USD. The sellers' bearish objective is set at 2,362.62 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,342.97 USD. In case of crossing, the next objective would be the support located at 2,310.97 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

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

GOLD - USD rating 2,369.01 USD. The price is lower by -0.56% since the last closing and was between 2,366.76 USD and 2,383.80 USD. This implies that the price is at +0.10% from its lowest and at -0.62% from its highest.

2,366.76

2,383.80

2,369.01

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.

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,183.68	2,332.24	2,351.89	2,369.01	2,374.45	2,390.13	2,406.65
Change (%)	-7.82%	-1.55%	-0.72%	-	+0.23%	+0.89%	+1.59%
Change	-185.33	-36.77	-17.12	-	+5.44	+21.12	+37.64
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	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	2,310.97	2,342.97	2,362.62	2,394.62	2,414.27	2,446.27	2,465.92
Camarilla	2,368.08	2,372.81	2,377.55	2,382.28	2,387.02	2,391.75	2,396.48
Woodie	2,304.81	2,339.88	2,356.46	2,391.53	2,408.11	2,443.18	2,459.76
Fibonacci	2,342.97	2,362.70	2,374.89	2,394.62	2,414.35	2,426.54	2,446.27

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):	32.02
MACD (12,26,9):	-3.4300
Directional Movement:	-16.15
AROON (14):	-42.86
DEMA (21):	2,372.33
Parabolic SAR (0,02-0,02-0,2):	2,379.47
Elder Ray (13):	-4.30
Super Trend (3,10):	2,380.52
Zig ZAG (10):	2,369.66
VORTEX (21):	0.8500
Stochastique (14,3,5):	25.21
TEMA (21):	2,372.24
Williams %R (14):	-83.04
Chande Momentum Oscillator (20):	-12.66
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.66

MA7:	2,397.92
MA20:	2,351.63
MA50:	2,307.95
MA100:	2,178.83
MAexp7:	2,371.84
MAexp20:	2,377.23
MAexp50:	2,384.94
MAexp100:	2,395.12
Price / MA7:	-1.21%
Price / MA20:	+0.74%
Price / MA50:	+2.65%
Price / MA100:	+8.73%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.35%
Price / MAexp50:	-0.67%
Price / MAexp100:	-1.09%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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