SPDR GOLD TRUST - 15 min. - Technical analysis published on 09/25/2023 (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
33%
6%
61%
My opinion
Bearish under 178.88 USD
My targets
178.44 USD (-0.10%)
178.25 USD (-0.21%)
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 SPDR GOLD TRUST. As long as you are under the resistance located at 178.88 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 178.44 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 178.25 USD as an objective. Crossing it would then enable sellers to target 178.00 USD. If the resistance 178.88 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPDR GOLD TRUST rating 178.62 USD. On the day, this instrument gained +0.32% and was traded between 178.51 USD and 178.95 USD over the period. The price is currently at +0.06% from its lowest and -0.18% from its highest.178.51
178.95
178.62
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of SPDR GOLD TRUST indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 6 are bullish, 11 are neutral and 1 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 177.11 | 177.70 | 178.36 | 178.62 | 179.06 | 179.65 | 180.33 |
| Change (%) | -0.85% | -0.52% | -0.15% | - | +0.25% | +0.58% | +0.96% |
| Change | -1.51 | -0.92 | -0.26 | - | +0.44 | +1.03 | +1.71 |
| Level | Major | Major | Minor | - | Major | 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 | 178.00 | 178.25 | 178.44 | 178.69 | 178.88 | 179.13 | 179.32 |
| Camarilla | 178.50 | 178.54 | 178.58 | 178.62 | 178.66 | 178.70 | 178.74 |
| Woodie | 177.96 | 178.24 | 178.40 | 178.68 | 178.84 | 179.12 | 179.28 |
| Fibonacci | 178.25 | 178.42 | 178.53 | 178.69 | 178.86 | 178.97 | 179.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.35 | 176.02 | 177.32 | 178.99 | 180.29 | 181.96 | 183.26 |
| Camarilla | 177.80 | 178.08 | 178.35 | 178.62 | 178.89 | 179.17 | 179.44 |
| Woodie | 174.17 | 175.93 | 177.14 | 178.90 | 180.11 | 181.87 | 183.08 |
| Fibonacci | 176.02 | 177.16 | 177.86 | 178.99 | 180.13 | 180.83 | 181.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.72 | 172.33 | 176.17 | 178.78 | 182.62 | 185.23 | 189.07 |
| Camarilla | 178.25 | 178.84 | 179.43 | 180.02 | 180.61 | 181.20 | 181.79 |
| Woodie | 170.35 | 172.64 | 176.80 | 179.09 | 183.25 | 185.54 | 189.70 |
| Fibonacci | 172.33 | 174.79 | 176.31 | 178.78 | 181.24 | 182.76 | 185.23 |
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): | 51.42 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.75 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 178.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 178.71 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 178.37 | |
| Zig ZAG (10): | 178.63 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 28.10 | |
| TEMA (21): | 178.64 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.20 |
| MA7: | 178.59 | |
| MA20: | 178.59 | |
| MA50: | 179.15 | |
| MA100: | 180.66 | |
| MAexp7: | 178.60 | |
| MAexp20: | 178.61 | |
| MAexp50: | 178.68 | |
| MAexp100: | 178.78 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | -1.13% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.08% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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