GOLD - USD - 15 min. - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2,033.77 USD
My targets
2,019.30 USD (-0.34%)
2,007.10 USD (-0.94%)
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 2,033.77 USD. The sellers' bearish objective is set at 2,019.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,007.10 USD. In case of crossing, the next objective would be the support located at 1,992.63 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 not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,026.17 USD. The price registered a decrease of -0.26% on the session with the lowest point at 2,021.80 USD and the highest point at 2,036.40 USD. The deviation from the price is +0.22% for the low point and -0.50% for the high point.2,021.80
2,036.40
2,026.17
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
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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 GOLD - USD in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,978.95 | 1,999.54 | 2,019.53 | 2,026.17 | 2,029.79 | 2,048.25 | 2,059.66 |
Change (%) | -2.33% | -1.31% | -0.33% | - | +0.18% | +1.09% | +1.65% |
Change | -47.22 | -26.63 | -6.64 | - | +3.62 | +22.08 | +33.49 |
Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,992.63 | 2,007.10 | 2,019.30 | 2,033.77 | 2,045.97 | 2,060.44 | 2,072.64 |
Camarilla | 2,024.16 | 2,026.60 | 2,029.05 | 2,031.49 | 2,033.94 | 2,036.38 | 2,038.82 |
Woodie | 1,991.49 | 2,006.53 | 2,018.16 | 2,033.20 | 2,044.83 | 2,059.87 | 2,071.50 |
Fibonacci | 2,007.10 | 2,017.29 | 2,023.59 | 2,033.77 | 2,043.96 | 2,050.26 | 2,060.44 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,848.19 | 1,912.66 | 1,964.71 | 2,029.18 | 2,081.23 | 2,145.70 | 2,197.75 |
Camarilla | 1,984.72 | 1,995.40 | 2,006.08 | 2,016.76 | 2,027.44 | 2,038.12 | 2,048.80 |
Woodie | 1,841.98 | 1,909.56 | 1,958.50 | 2,026.08 | 2,075.02 | 2,142.60 | 2,191.54 |
Fibonacci | 1,912.66 | 1,957.17 | 1,984.67 | 2,029.18 | 2,073.69 | 2,101.19 | 2,145.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,844.25 | 1,897.02 | 1,943.22 | 1,995.99 | 2,042.19 | 2,094.96 | 2,141.16 |
Camarilla | 1,962.20 | 1,971.28 | 1,980.35 | 1,989.42 | 1,998.49 | 2,007.57 | 2,016.64 |
Woodie | 1,840.97 | 1,895.38 | 1,939.94 | 1,994.35 | 2,038.91 | 2,093.32 | 2,137.88 |
Fibonacci | 1,897.02 | 1,934.83 | 1,958.18 | 1,995.99 | 2,033.80 | 2,057.15 | 2,094.96 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 30.46 | |
MACD (12,26,9): | -1.4400 | |
Directional Movement: | -27.00 | |
AROON (14): | -35.71 | |
DEMA (21): | 2,028.39 | |
Parabolic SAR (0,02-0,02-0,2): | 2,031.60 | |
Elder Ray (13): | -3.43 | |
Super Trend (3,10): | 2,032.00 | |
Zig ZAG (10): | 2,026.19 | |
VORTEX (21): | 0.8300 | |
Stochastique (14,3,5): | 33.65 | |
TEMA (21): | 2,027.05 | |
Williams %R (14): | -60.56 | |
Chande Momentum Oscillator (20): | -4.16 | |
Repulse (5,40,3): | 0.0000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.38 |
MA7: | 2,033.40 | |
MA20: | 2,009.00 | |
MA50: | 1,969.69 | |
MA100: | 1,918.32 | |
MAexp7: | 2,027.65 | |
MAexp20: | 2,029.84 | |
MAexp50: | 2,030.93 | |
MAexp100: | 2,030.97 | |
Price / MA7: | -0.36% | |
Price / MA20: | +0.85% | |
Price / MA50: | +2.87% | |
Price / MA100: | +5.62% | |
Price / MAexp7: | -0.07% | |
Price / MAexp20: | -0.18% | |
Price / MAexp50: | -0.23% | |
Price / MAexp100: | -0.24% |
Quotes :
-
Real time data
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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:
- France's Clarisse Agbegnenou secures sixth World Championship gold
- Gold Forecast Video for 11.05.23 by Bruce Powers
- Gold Forecast May 11, 2023
- Special Report: 10/05/2023 - Will gold continue conquering uncharted territories?
- Gold Technical Analysis for May 11, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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