GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 11/02/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1,982.48 USD
My targets
1,995.05 USD (+0.36%)
2,004.92 USD (+0.86%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,982.48 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,982.48 USD. The next bullish objective for buyers is set at 1,995.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,004.92 USD. If there is any crossing, the next objective would be the resistance located at 2,017.49 USD. PS: if there is a bearish break in the support located at 1,982.48 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5

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.

This analysis was given by CarelB. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,987.80 USD. On the day, this instrument gained +0.13% with the lowest point at 1,983.40 USD and the highest point at 1,991.05 USD. The deviation from the price is +0.22% for the low point and -0.16% for the high point.

1,983.40
1,991.05
1,987.80

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

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 bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,970.05 1,978.99 1,987.36 1,987.80 1,993.56 2,002.61 2,009.44
Change (%) -0.89% -0.44% -0.02% - +0.29% +0.75% +1.09%
Change -17.75 -8.81 -0.44 - +5.76 +14.81 +21.64
Level Minor Major Minor - Intermediate Minor Intermediate



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
Standard1,950.171,960.041,972.611,982.481,995.052,004.922,017.49
Camarilla1,979.001,981.061,983.111,985.171,987.231,989.281,991.34
Woodie1,951.511,960.721,973.951,983.161,996.392,005.602,018.83
Fibonacci1,960.041,968.621,973.911,982.481,991.061,996.352,004.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,914.021,933.801,969.881,989.662,025.742,045.522,081.60
Camarilla1,990.601,995.722,000.842,005.962,011.082,016.202,021.32
Woodie1,922.171,937.881,978.031,993.742,033.892,049.602,089.75
Fibonacci1,933.801,955.141,968.321,989.662,011.002,024.182,045.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,660.651,735.561,859.631,934.542,058.612,133.522,257.59
Camarilla1,928.991,947.231,965.471,983.712,001.952,020.192,038.43
Woodie1,685.241,747.851,884.221,946.832,083.202,145.812,282.18
Fibonacci1,735.561,811.571,858.531,934.542,010.552,057.512,133.52

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): 66.73
MACD (12,26,9): 1.0400
Directional Movement: 10.20
AROON (14): 78.57
DEMA (21): 1,989.76
Parabolic SAR (0,02-0,02-0,2): 1,986.94
Elder Ray (13): 1.27
Super Trend (3,10): 1,984.45
Zig ZAG (10): 1,989.39
VORTEX (21): 1.1300
Stochastique (14,3,5): 71.08
TEMA (21): 1,989.65
Williams %R (14): -32.83
Chande Momentum Oscillator (20): 2.30
Repulse (5,40,3): 0.0400
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.19
MA7: 1,989.65
MA20: 1,943.05
MA50: 1,920.01
MA100: 1,926.15
MAexp7: 1,989.43
MAexp20: 1,988.44
MAexp50: 1,986.78
MAexp100: 1,985.64
Price / MA7: -0.09%
Price / MA20: +2.30%
Price / MA50: +3.53%
Price / MA100: +3.20%
Price / MAexp7: -0.08%
Price / MAexp20: -0.03%
Price / MAexp50: +0.05%
Price / MAexp100: +0.11%

Quotes : - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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