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

GOLD - USD - 15 min. - Technical analysis published on 06/29/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 1,779.50 USD
My targets
1,763.52 USD (-0.36%)
1,754.96 USD (-0.84%)
My analysis
The strong short-term decrease of GOLD - USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1,779.50 USD, a sale could be considered. The first bearish objective is located at 1,763.52 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,754.96 USD. If there is any crossing, the next objective would be support 1,738.98 USD. Caution, if there is a return to above 1,779.50 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2

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

Additional analysis

Quotes

The GOLD - USD rating is 1,769.84 USD. On the day, this instrument lost -0.06% with the lowest point at 1,767.28 USD and the highest point at 1,775.77 USD. The deviation from the price is +0.14% for the low point and -0.33% for the high point.

1,767.28
1,775.77
1,769.84

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

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 a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

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



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.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,735.56 1,747.55 1,766.72 1,769.84 1,773.72 1,779.41 1,792.46
Change (%) -1.94% -1.26% -0.18% - +0.22% +0.54% +1.28%
Change -34.28 -22.29 -3.12 - +3.88 +9.57 +22.62
Level Minor Intermediate Intermediate - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,730.421,738.981,754.961,763.521,779.501,788.061,804.04
Camarilla1,764.201,766.451,768.701,770.951,773.201,775.451,777.70
Woodie1,734.141,740.841,758.681,765.381,783.221,789.921,807.76
Fibonacci1,738.981,748.351,754.141,763.521,772.891,778.681,788.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,712.951,727.941,749.441,764.431,785.931,800.921,822.42
Camarilla1,760.921,764.261,767.611,770.951,774.301,777.641,780.99
Woodie1,716.221,729.571,752.711,766.061,789.201,802.551,825.69
Fibonacci1,727.941,741.881,750.491,764.431,778.371,786.981,800.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,583.961,627.261,678.791,722.091,773.621,816.921,868.45
Camarilla1,704.251,712.951,721.641,730.331,739.021,747.721,756.41
Woodie1,588.091,629.321,682.921,724.151,777.751,818.981,872.58
Fibonacci1,627.261,663.481,685.861,722.091,758.311,780.691,816.92

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): 41.45
MACD (12,26,9): -0.6600
Directional Movement: -9.05
AROON (14): -57.15
DEMA (21): 1,769.96
Parabolic SAR (0,02-0,02-0,2): 1,767.54
Elder Ray (13): -1.48
Super Trend (3,10): 1,768.06
Zig ZAG (10): 1,768.70
VORTEX (21): 0.9100
Stochastique (14,3,5): 29.10
TEMA (21): 1,768.81
Williams %R (14): -82.88
Chande Momentum Oscillator (20): -3.14
Repulse (5,40,3): -0.1600
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.43
MA7: 1,762.38
MA20: 1,733.37
MA50: 1,723.74
MA100: 1,670.71
MAexp7: 1,769.24
MAexp20: 1,770.59
MAexp50: 1,770.32
MAexp100: 1,768.49
Price / MA7: +0.42%
Price / MA20: +2.10%
Price / MA50: +2.67%
Price / MA100: +5.93%
Price / MAexp7: +0.03%
Price / MAexp20: -0.05%
Price / MAexp50: -0.03%
Price / MAexp100: +0.07%

Quotes : 2020-06-29 09:43:31 - 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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