GOLD - USD - 15 min. - Technical analysis published on 09/28/2023 (GMT)
- 100
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 1,884.72 USD
My targets
1,865.49 USD (-0.60%)
1,853.31 USD (-1.25%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 1,884.72 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,865.49 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,853.31 USD as an objective. Crossing it would then enable sellers to target 1,834.08 USD. If the resistance 1,884.72 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.5
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Additional analysis
Quotes
The GOLD - USD price is 1,876.73 USD. On the day, this instrument lost -0.05% and was traded between 1,876.10 USD and 1,877.95 USD over the period. The price is currently at +0.03% from its lowest and -0.06% from its highest.1,876.10
1,877.95
1,876.73
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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 | 1,811.68 | 1,834.42 | 1,872.54 | 1,876.73 | 1,889.48 | 1,909.31 | 1,929.34 |
| Change (%) | -3.47% | -2.25% | -0.22% | - | +0.68% | +1.74% | +2.80% |
| Change | -65.05 | -42.31 | -4.19 | - | +12.75 | +32.58 | +52.61 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,834.08 | 1,853.31 | 1,865.49 | 1,884.72 | 1,896.90 | 1,916.13 | 1,928.31 |
| Camarilla | 1,869.03 | 1,871.91 | 1,874.79 | 1,877.67 | 1,880.55 | 1,883.43 | 1,886.31 |
| Woodie | 1,830.56 | 1,851.55 | 1,861.97 | 1,882.96 | 1,893.38 | 1,914.37 | 1,924.79 |
| Fibonacci | 1,853.31 | 1,865.31 | 1,872.72 | 1,884.72 | 1,896.72 | 1,904.13 | 1,916.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,876.53 | 1,895.24 | 1,910.06 | 1,928.77 | 1,943.59 | 1,962.30 | 1,977.12 |
| Camarilla | 1,915.67 | 1,918.74 | 1,921.82 | 1,924.89 | 1,927.96 | 1,931.04 | 1,934.11 |
| Woodie | 1,874.60 | 1,894.27 | 1,908.13 | 1,927.80 | 1,941.66 | 1,961.33 | 1,975.19 |
| Fibonacci | 1,895.24 | 1,908.05 | 1,915.96 | 1,928.77 | 1,941.58 | 1,949.49 | 1,962.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,815.05 | 1,849.94 | 1,894.94 | 1,929.83 | 1,974.83 | 2,009.72 | 2,054.72 |
| Camarilla | 1,917.96 | 1,925.28 | 1,932.61 | 1,939.93 | 1,947.25 | 1,954.58 | 1,961.90 |
| Woodie | 1,820.10 | 1,852.47 | 1,899.99 | 1,932.36 | 1,979.88 | 2,012.25 | 2,059.77 |
| Fibonacci | 1,849.94 | 1,880.46 | 1,899.32 | 1,929.83 | 1,960.35 | 1,979.21 | 2,009.72 |
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): | 46.82 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -5.55 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 1,875.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,874.97 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 1,879.63 | |
| Zig ZAG (10): | 1,877.44 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 71.53 | |
| TEMA (21): | 1,877.28 | |
| Williams %R (14): | -35.56 | |
| Chande Momentum Oscillator (20): | 1.96 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1,906.81 | |
| MA20: | 1,917.60 | |
| MA50: | 1,924.32 | |
| MA100: | 1,937.43 | |
| MAexp7: | 1,876.81 | |
| MAexp20: | 1,877.09 | |
| MAexp50: | 1,880.79 | |
| MAexp100: | 1,887.37 | |
| Price / MA7: | -1.58% | |
| Price / MA20: | -2.13% | |
| Price / MA50: | -2.47% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.56% |
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:
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Gold Technical Analysis for September 14, 2023 by FXEmpire
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Gold Forecast Video for 13.09.23 by Bruce Powers
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Gold Technical Analysis for September 13, 2023 by FXEmpire
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Gold Technical Analysis for September 12, 2023 by FXEmpire
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Technical Analysis: 11/9/2023 - Gold finds support at 200-day SMA
This member declared not having a position on this financial instrument or a related financial instrument.
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