GOLD - USD - 15 min. - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 1,884.72 USD
My targets
1,865.49 USD (-0.40%)
1,853.31 USD (-1.05%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. 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 is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) 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. PS: if there is a bullish break in the resistance located at 1,884.72 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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.
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Additional analysis
Quotes
The GOLD - USD rating is 1,872.90 USD. The price is lower by -0.25% since the last closing and was between 1,871.30 USD and 1,879.65 USD. This implies that the price is at +0.09% from its lowest and at -0.36% from its highest.1,871.30
1,879.65
1,872.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Doji
Type : Neutral
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 | 1,872.90 | 1,889.48 | 1,909.31 | 1,929.34 |
| Change (%) | -3.27% | -2.05% | -0.02% | - | +0.89% | +1.94% | +3.01% |
| Change | -61.22 | -38.48 | -0.36 | - | +16.58 | +36.41 | +56.44 |
| 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): | 49.44 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | 8.91 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 1,874.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,879.34 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 1,878.93 | |
| Zig ZAG (10): | 1,876.25 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 36.68 | |
| TEMA (21): | 1,874.66 | |
| Williams %R (14): | -60.74 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1,906.43 | |
| MA20: | 1,917.51 | |
| MA50: | 1,924.29 | |
| MA100: | 1,937.42 | |
| MAexp7: | 1,874.68 | |
| MAexp20: | 1,875.11 | |
| MAexp50: | 1,875.89 | |
| MAexp100: | 1,879.54 | |
| Price / MA7: | -1.76% | |
| Price / MA20: | -2.33% | |
| Price / MA50: | -2.67% | |
| Price / MA100: | -3.33% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.35% |
Quotes :
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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:
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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
-
Gold Technical Analysis for September 13, 2023 by FXEmpire
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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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