GOLD - USD - 15 min. - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 1,997.80 USD
My targets
1,988.76 USD (-0.33%)
1,981.94 USD (-0.67%)
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 1,997.80 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,988.76 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 1,981.94 USD as an objective. Crossing it would then enable sellers to target 1,972.90 USD. If the resistance 1,997.80 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by bccartwright. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,995.25 USD. The price is lower by -0.02% since the last closing with the lowest point at 1,990.73 USD and the highest point at 1,997.36 USD. The deviation from the price is +0.23% for the low point and -0.11% for the high point.1,990.73
1,997.36
1,995.25
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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. 75.00% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,953.58 | 1,964.35 | 1,978.99 | 1,995.25 | 1,997.23 | 2,002.61 | 2,009.44 |
| Change (%) | -2.09% | -1.55% | -0.81% | - | +0.10% | +0.37% | +0.71% |
| Change | -41.67 | -30.90 | -16.26 | - | +1.98 | +7.36 | +14.19 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 1,972.90 | 1,981.94 | 1,988.76 | 1,997.80 | 2,004.62 | 2,013.66 | 2,020.48 |
| Camarilla | 1,991.22 | 1,992.67 | 1,994.13 | 1,995.58 | 1,997.03 | 1,998.49 | 1,999.94 |
| Woodie | 1,971.79 | 1,981.39 | 1,987.65 | 1,997.25 | 2,003.51 | 2,013.11 | 2,019.37 |
| Fibonacci | 1,981.94 | 1,988.00 | 1,991.74 | 1,997.80 | 2,003.86 | 2,007.60 | 2,013.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,914.02 | 1,933.80 | 1,969.88 | 1,989.66 | 2,025.74 | 2,045.52 | 2,081.60 |
| Camarilla | 1,990.60 | 1,995.72 | 2,000.84 | 2,005.96 | 2,011.08 | 2,016.20 | 2,021.32 |
| Woodie | 1,922.17 | 1,937.88 | 1,978.03 | 1,993.74 | 2,033.89 | 2,049.60 | 2,089.75 |
| Fibonacci | 1,933.80 | 1,955.14 | 1,968.32 | 1,989.66 | 2,011.00 | 2,024.18 | 2,045.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,705.69 | 1,775.99 | 1,812.36 | 1,882.66 | 1,919.03 | 1,989.33 | 2,025.70 |
| Camarilla | 1,819.39 | 1,829.16 | 1,838.94 | 1,848.72 | 1,858.50 | 1,868.28 | 1,878.05 |
| Woodie | 1,688.72 | 1,767.51 | 1,795.39 | 1,874.18 | 1,902.06 | 1,980.85 | 2,008.73 |
| Fibonacci | 1,775.99 | 1,816.74 | 1,841.92 | 1,882.66 | 1,923.41 | 1,948.59 | 1,989.33 |
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): | 45.39 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | -8.45 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 1,992.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,994.17 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 1,995.96 | |
| Zig ZAG (10): | 1,993.21 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 52.68 | |
| TEMA (21): | 1,992.85 | |
| Williams %R (14): | -43.89 | |
| Chande Momentum Oscillator (20): | -0.84 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1,987.04 | |
| MA20: | 1,926.96 | |
| MA50: | 1,917.38 | |
| MA100: | 1,925.53 | |
| MAexp7: | 1,993.37 | |
| MAexp20: | 1,993.81 | |
| MAexp50: | 1,994.96 | |
| MAexp100: | 1,995.39 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +3.54% | |
| Price / MA50: | +4.06% | |
| Price / MA100: | +3.62% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.01% |
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:
-
Market Comment: 30/10/2023 - Gold off highs as markets stay calm despite Gaza offensive
-
Technical Analysis: 30/10/2023 - Gold faces setback after hitting 5-month peak
-
Gold Forecast Video for 31.10.23 by Bruce Powers for FX Empire
-
Gold Forecast October 30, 2023
-
Gold Technical Analysis for the Week of October 31, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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