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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 12/15/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 2,026.15 USD
My targets
2,037.05 USD (+0.23%)
2,046.46 USD (+0.69%)
My analysis
With a bullish background trend, the price of GOLD - USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 2,026.15 USD. A bullish break in the resistance located at 2,037.05 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 2,046.46 USD. Then 2,057.36 USD by extension. It would be safer to wait for a bullish break in the resistance located at 2,037.05 USD before allowing yourself to re trade long positions (at purchase) on GOLD - USD. PS: if there is a bearish break in the support located at 2,026.15 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 not called into question, despite technical indicators being indecisive.
Force
0
10
0.5

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.

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

Additional analysis

Quotes

GOLD - USD rating 2,032.35 USD. The price is lower by -0.16% since the last closing with the lowest point at 2,027.00 USD and the highest point at 2,044.93 USD. The deviation from the price is +0.26% for the low point and -0.62% for the high point.

2,027.00
2,044.93
2,032.35

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 GOLD - USD in 15 min. shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 100

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


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes



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:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,996.80 2,009.97 2,027.57 2,032.35 2,033.86 2,045.49 2,071.45
Change (%) -1.75% -1.10% -0.24% - +0.07% +0.65% +1.92%
Change -35.55 -22.38 -4.78 - +1.51 +13.14 +39.10
Level Minor Minor Intermediate - Minor Major 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
Standard2,005.842,016.742,026.152,037.052,046.462,057.362,066.77
Camarilla2,029.972,031.832,033.692,035.552,037.412,039.272,041.14
Woodie2,005.092,016.372,025.402,036.682,045.712,056.992,066.02
Fibonacci2,016.742,024.502,029.302,037.052,044.812,049.612,057.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,799.361,897.021,950.592,048.252,101.822,199.482,253.05
Camarilla1,962.561,976.431,990.292,004.152,018.012,031.882,045.74
Woodie1,777.311,886.001,928.542,037.232,079.772,188.462,231.00
Fibonacci1,897.021,954.791,990.482,048.252,106.022,141.712,199.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 41.86
MACD (12,26,9): 0.6600
Directional Movement: -13.52
AROON (14): -28.57
DEMA (21): 2,041.98
Parabolic SAR (0,02-0,02-0,2): 2,044.64
Elder Ray (13): -2.16
Super Trend (3,10): 2,047.22
Zig ZAG (10): 2,033.44
VORTEX (21): 0.9200
Stochastique (14,3,5): 15.46
TEMA (21): 2,040.18
Williams %R (14): -88.80
Chande Momentum Oscillator (20): -11.81
Repulse (5,40,3): -0.7600
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.24
MA7: 2,014.16
MA20: 2,018.00
MA50: 1,980.03
MA100: 1,944.21
MAexp7: 2,038.60
MAexp20: 2,041.40
MAexp50: 2,039.37
MAexp100: 2,035.56
Price / MA7: +0.90%
Price / MA20: +0.71%
Price / MA50: +2.64%
Price / MA100: +4.53%
Price / MAexp7: -0.31%
Price / MAexp20: -0.44%
Price / MAexp50: -0.34%
Price / MAexp100: -0.16%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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