Dotbee.ai

Analysis of XAU/USD for 15min

10/31/2024

Analysis of XAU/USD for 15min

Analysis of XAU/USD

Based on the provided data for XAU/USD on October 31, 2024, here is a short analysis:

1. **Price Movement**: The closing prices for XAU/USD ranged between 2784.36 and 2788.32 during the recorded time intervals.

2. **Relative Strength Index (RSI)**: The RSI values fluctuated between 43.18 and 57.09, indicating moderate to slightly overbought conditions.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line crossed below the signal line, showing a bearish signal in some intervals. The MACD histogram also indicated a decrease in bullish momentum.

4. **Moving Averages (MA)**: The closing prices were generally below the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values, suggesting a downward trend.

5. **Overall Trend**: The RSI and MACD indicators, along with the position of closing prices relative to moving averages, suggest a mixed to bearish trend for XAU/USD on October 31, 2024.

6. **Key Levels**: Traders may watch for support near 2784.36 and resistance near 2788.32 for potential trading opportunities.

Please note that this analysis is based on the provided data and should be supplemented with additional information for comprehensive decision-making.

MACD of XAU/USD

This is not investment advice. Remember to verify the information provided here.

Get access to the full analysis

  • Over 35 000 indexes
  • CFD, Forex, Crypto and Stocks Exchange
  • Over 150 Indicators
  • Pattern and candle analysis
  • Support and resistance levels
  • Fundamental, technical and sentimental analysis
  • Power from AI
Web versionApp StoreGoogle Play

Contacts

Telephone number

+48 32 700 81 66

Email address

[email protected]

Company information

Honey Payment Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link