GOLD - USD - 15 min. - Technical analysis published on 06/28/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 1,919.10 USD
My targets
1,907.47 USD (-0.23%)
1,899.45 USD (-0.65%)
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 1,919.10 USD. The sellers' bearish objective is set at 1,907.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,899.45 USD. In case of crossing, the next objective would be the support located at 1,887.82 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
0
10
7.5
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Additional analysis
Quotes
The GOLD - USD price is 1,911.83 USD. The price registered a decrease of -0.19% on the session with the lowest point at 1,909.64 USD and the highest point at 1,917.29 USD. The deviation from the price is +0.11% for the low point and -0.28% for the high point.1,909.64
1,917.29
1,911.83
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GOLD - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,778.85 | 1,811.49 | 1,909.31 | 1,911.83 | 1,921.16 | 1,930.71 | 1,941.54 |
| Change (%) | -6.96% | -5.25% | -0.13% | - | +0.49% | +0.99% | +1.55% |
| Change | -132.98 | -100.34 | -2.52 | - | +9.33 | +18.88 | +29.71 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,887.82 | 1,899.45 | 1,907.47 | 1,919.10 | 1,927.12 | 1,938.75 | 1,946.77 |
| Camarilla | 1,910.10 | 1,911.90 | 1,913.70 | 1,915.50 | 1,917.30 | 1,919.10 | 1,920.90 |
| Woodie | 1,886.03 | 1,898.55 | 1,905.68 | 1,918.20 | 1,925.33 | 1,937.85 | 1,944.98 |
| Fibonacci | 1,899.45 | 1,906.95 | 1,911.59 | 1,919.10 | 1,926.60 | 1,931.24 | 1,938.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,852.43 | 1,881.31 | 1,901.01 | 1,929.89 | 1,949.59 | 1,978.47 | 1,998.17 |
| Camarilla | 1,907.36 | 1,911.81 | 1,916.27 | 1,920.72 | 1,925.17 | 1,929.63 | 1,934.08 |
| Woodie | 1,847.85 | 1,879.02 | 1,896.43 | 1,927.60 | 1,945.01 | 1,976.18 | 1,993.59 |
| Fibonacci | 1,881.31 | 1,899.86 | 1,911.33 | 1,929.89 | 1,948.44 | 1,959.91 | 1,978.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,739.55 | 1,835.83 | 1,901.10 | 1,997.38 | 2,062.65 | 2,158.93 | 2,224.20 |
| Camarilla | 1,921.95 | 1,936.76 | 1,951.57 | 1,966.38 | 1,981.19 | 1,996.00 | 2,010.81 |
| Woodie | 1,724.06 | 1,828.08 | 1,885.61 | 1,989.63 | 2,047.16 | 2,151.18 | 2,208.71 |
| Fibonacci | 1,835.83 | 1,897.54 | 1,935.67 | 1,997.38 | 2,059.09 | 2,097.22 | 2,158.93 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.16 | |
| MACD (12,26,9): | -0.9500 | |
| Directional Movement: | -15.55 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1,913.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,916.25 | |
| Elder Ray (13): | -2.56 | |
| Super Trend (3,10): | 1,915.75 | |
| Zig ZAG (10): | 1,911.08 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.88 | |
| TEMA (21): | 1,912.51 | |
| Williams %R (14): | -78.51 | |
| Chande Momentum Oscillator (20): | -4.71 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1,922.25 | |
| MA20: | 1,944.63 | |
| MA50: | 1,973.16 | |
| MA100: | 1,944.03 | |
| MAexp7: | 1,912.66 | |
| MAexp20: | 1,914.09 | |
| MAexp50: | 1,915.40 | |
| MAexp100: | 1,917.63 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | -1.69% | |
| Price / MA50: | -3.11% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.30% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Gold Forecast Video for 28.06.23 by Bruce Powers
-
Gold Forecast June 28, 2023
-
Gold Technical Analysis for June 28, 2023 by FXEmpire
-
Gold Technical Analysis for June 27, 2023 by FXEmpire
-
Technical Analysis: 26/06/2023 - Gold price takes a breather but bearish pressure persists
This member declared not having a position on this financial instrument or a related financial instrument.
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