GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

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

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:
1H Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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


S3S2S1PriceR1R2R3
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
Standard1,992.632,007.102,019.302,033.772,045.972,060.442,072.64
Camarilla2,024.162,026.602,029.052,031.492,033.942,036.382,038.82
Woodie1,991.492,006.532,018.162,033.202,044.832,059.872,071.50
Fibonacci2,007.102,017.292,023.592,033.772,043.962,050.262,060.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,848.191,912.661,964.712,029.182,081.232,145.702,197.75
Camarilla1,984.721,995.402,006.082,016.762,027.442,038.122,048.80
Woodie1,841.981,909.561,958.502,026.082,075.022,142.602,191.54
Fibonacci1,912.661,957.171,984.672,029.182,073.692,101.192,145.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,844.251,897.021,943.221,995.992,042.192,094.962,141.16
Camarilla1,962.201,971.281,980.351,989.421,998.492,007.572,016.64
Woodie1,840.971,895.381,939.941,994.352,038.912,093.322,137.88
Fibonacci1,897.021,934.831,958.181,995.992,033.802,057.152,094.96

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 - Gold & Silver Spot

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

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