GOLD - USD - 15 min. - Technical analysis published on 12/21/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2,041.34 USD
My targets
2,025.28 USD (-0.42%)
2,018.34 USD (-0.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,041.34 USD. The sellers' bearish objective is set at 2,025.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,018.34 USD. In case of crossing, the next objective would be the support located at 2,009.22 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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This analysis was given by bccartwright. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,033.77 USD. The price registered an increase of +0.08% on the session and was between 2,031.99 USD and 2,038.27 USD. This implies that the price is at +0.09% from its lowest and at -0.22% from its highest.2,031.99
2,038.27
2,033.77
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,996.80 | 2,015.62 | 2,029.51 | 2,033.77 | 2,036.93 | 2,045.49 | 2,071.45 |
| Change (%) | -1.82% | -0.89% | -0.21% | - | +0.16% | +0.58% | +1.85% |
| Change | -36.97 | -18.15 | -4.26 | - | +3.16 | +11.72 | +37.68 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | 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 | 2,009.22 | 2,018.34 | 2,025.28 | 2,034.40 | 2,041.34 | 2,050.46 | 2,057.40 |
| Camarilla | 2,027.80 | 2,029.28 | 2,030.75 | 2,032.22 | 2,033.69 | 2,035.16 | 2,036.64 |
| Woodie | 2,008.13 | 2,017.80 | 2,024.19 | 2,033.86 | 2,040.25 | 2,049.92 | 2,056.31 |
| Fibonacci | 2,018.34 | 2,024.48 | 2,028.27 | 2,034.40 | 2,040.54 | 2,044.33 | 2,050.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,903.60 | 1,938.33 | 1,978.50 | 2,013.23 | 2,053.40 | 2,088.13 | 2,128.30 |
| Camarilla | 1,998.07 | 2,004.94 | 2,011.80 | 2,018.67 | 2,025.54 | 2,032.40 | 2,039.27 |
| Woodie | 1,906.32 | 1,939.69 | 1,981.22 | 2,014.59 | 2,056.12 | 2,089.49 | 2,131.02 |
| Fibonacci | 1,938.33 | 1,966.94 | 1,984.62 | 2,013.23 | 2,041.84 | 2,059.52 | 2,088.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,840.78 | 1,885.41 | 1,962.80 | 2,007.43 | 2,084.82 | 2,129.45 | 2,206.84 |
| Camarilla | 2,006.63 | 2,017.81 | 2,029.00 | 2,040.18 | 2,051.37 | 2,062.55 | 2,073.74 |
| Woodie | 1,857.15 | 1,893.60 | 1,979.17 | 2,015.62 | 2,101.19 | 2,137.64 | 2,223.21 |
| Fibonacci | 1,885.41 | 1,932.03 | 1,960.82 | 2,007.43 | 2,054.05 | 2,082.84 | 2,129.45 |
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): | 43.09 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -7.19 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 2,034.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,036.32 | |
| Elder Ray (13): | -0.55 | |
| Super Trend (3,10): | 2,033.67 | |
| Zig ZAG (10): | 2,034.15 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 26.48 | |
| TEMA (21): | 2,034.07 | |
| Williams %R (14): | -72.57 | |
| Chande Momentum Oscillator (20): | -2.92 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 2,031.67 | |
| MA20: | 2,025.90 | |
| MA50: | 1,993.14 | |
| MA100: | 1,947.56 | |
| MAexp7: | 2,034.40 | |
| MAexp20: | 2,035.04 | |
| MAexp50: | 2,035.26 | |
| MAexp100: | 2,035.24 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +4.43% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.07% |
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 Forecast Video for 21.12.23 by Bruce Powers for FX Empire
-
Gold Technical Analysis for December 21, 2023 by Chris Lewis for FXEmpire
-
Could gold benefit from expected Fed rate cuts, weaker dollar and government stimulus?
-
FX Year Ahead 2024: Gold
-
Gold Forecast December 20, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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