GOLD - USD - 15 min. - Technical analysis published on 09/28/2023 (GMT)
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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:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 1,884.72 USD
My targets
1,865.49 USD (-0.53%)
1,853.31 USD (-1.18%)
My analysis
With a strongly bearish trend, the price of GOLD - USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1,884.72 USD remains possible. It would be possible for traders to only trade short positions (for sale) on GOLD - USD as long as the price remains well below 1,884.72 USD. The next bearish objective for sellers is set at 1,865.49 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,853.31 USD. In case of crossing, the next objective would be the support located at 1,834.08 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
The GOLD - USD price is 1,875.43 USD. The price registered a decrease of -0.12% on the session and was traded between 1,873.55 USD and 1,878.26 USD over the period. The price is currently at +0.10% from its lowest and -0.15% from its highest.1,873.55
1,878.26
1,875.43
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
A technical analysis in 15 min. of this GOLD - USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
Three black crows
Type : Bearish
Timeframe : 15 minutes
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 | 1,875.43 | 1,889.48 | 1,909.31 | 1,929.34 |
| Change (%) | -3.40% | -2.19% | -0.15% | - | +0.75% | +1.81% | +2.87% |
| Change | -63.75 | -41.01 | -2.89 | - | +14.05 | +33.88 | +53.91 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.08 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 7.36 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1,875.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,874.19 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 1,873.19 | |
| Zig ZAG (10): | 1,875.46 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 45.91 | |
| TEMA (21): | 1,876.31 | |
| Williams %R (14): | -65.51 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1,906.66 | |
| MA20: | 1,917.54 | |
| MA50: | 1,924.29 | |
| MA100: | 1,937.42 | |
| MAexp7: | 1,875.86 | |
| MAexp20: | 1,875.68 | |
| MAexp50: | 1,877.00 | |
| MAexp100: | 1,881.90 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | -2.54% | |
| Price / MA100: | -3.20% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.34% |
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 Technical Analysis for September 14, 2023 by FXEmpire
-
Gold Forecast Video for 13.09.23 by Bruce Powers
-
Gold Technical Analysis for September 13, 2023 by FXEmpire
-
Gold Technical Analysis for September 12, 2023 by FXEmpire
-
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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