TETHER GOLD - XAUT/USD - Daily - Technical analysis published on 08/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1,978.69 USD
My targets
1,886.79 USD (-1.48%)
1,818.79 USD (-5.03%)
My analysis
The bearish trend is currently very strong for TETHER GOLD - XAUT/USD. As long as the price remains below the resistance at 1,978.69 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,886.79 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,818.79 USD as an objective. Crossing it would then enable sellers to target 1,798.00 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TETHER GOLD - XAUT/USD rating is 1,915.10 USD. The price is lower by -0.03% since the last closing with the lowest point at 1,912.30 USD and the highest point at 1,915.60 USD. The deviation from the price is +0.15% for the low point and -0.03% for the high point.1,912.30
1,915.60
1,915.10
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TETHER GOLD - XAUT/USD indicates that the overall trend is strongly bearish. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,868.15 | 1,886.79 | 1,908.89 | 1,915.10 | 1,938.54 | 1,978.69 | 2,021.30 |
| Change (%) | -2.45% | -1.48% | -0.32% | - | +1.22% | +3.32% | +5.55% |
| Change | -46.95 | -28.31 | -6.21 | - | +23.44 | +63.59 | +106.20 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,915.07 | 1,915.33 | 1,915.47 | 1,915.73 | 1,915.87 | 1,916.13 | 1,916.27 |
| Camarilla | 1,915.49 | 1,915.53 | 1,915.56 | 1,915.60 | 1,915.64 | 1,915.67 | 1,915.71 |
| Woodie | 1,915.00 | 1,915.30 | 1,915.40 | 1,915.70 | 1,915.80 | 1,916.10 | 1,916.20 |
| Fibonacci | 1,915.33 | 1,915.49 | 1,915.58 | 1,915.73 | 1,915.89 | 1,915.98 | 1,916.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,867.60 | 1,890.40 | 1,903.20 | 1,926.00 | 1,938.80 | 1,961.60 | 1,974.40 |
| Camarilla | 1,906.21 | 1,909.47 | 1,912.74 | 1,916.00 | 1,919.26 | 1,922.53 | 1,925.79 |
| Woodie | 1,862.60 | 1,887.90 | 1,898.20 | 1,923.50 | 1,933.80 | 1,959.10 | 1,969.40 |
| Fibonacci | 1,890.40 | 1,904.00 | 1,912.40 | 1,926.00 | 1,939.60 | 1,948.00 | 1,961.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,831.30 | 1,868.30 | 1,918.00 | 1,955.00 | 2,004.70 | 2,041.70 | 2,091.40 |
| Camarilla | 1,943.86 | 1,951.81 | 1,959.75 | 1,967.70 | 1,975.65 | 1,983.60 | 1,991.54 |
| Woodie | 1,837.65 | 1,871.48 | 1,924.35 | 1,958.18 | 2,011.05 | 2,044.88 | 2,097.75 |
| Fibonacci | 1,868.30 | 1,901.42 | 1,921.88 | 1,955.00 | 1,988.12 | 2,008.58 | 2,041.70 |
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): | 33.97 | |
| MACD (12,26,9): | -10.3900 | |
| Directional Movement: | -14.74 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 1,922.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,927.69 | |
| Elder Ray (13): | -13.71 | |
| Super Trend (3,10): | 1,943.40 | |
| Zig ZAG (10): | 1,913.20 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 3.38 | |
| TEMA (21): | 1,912.81 | |
| Williams %R (14): | -98.38 | |
| Chande Momentum Oscillator (20): | -25.00 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.99 |
| MA7: | 1,916.97 | |
| MA20: | 1,940.44 | |
| MA50: | 1,940.99 | |
| MA100: | 1,953.81 | |
| MAexp7: | 1,919.64 | |
| MAexp20: | 1,933.77 | |
| MAexp50: | 1,942.91 | |
| MAexp100: | 1,945.87 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -1.58% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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