GOLD - USD - 15 min. - Technical analysis published on 11/24/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,847.63 USD
My targets
1,802.48 USD (-0.14%)
1,773.93 USD (-1.72%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,847.63 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,802.48 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,773.93 USD as an objective. Crossing it would then enable sellers to target 1,682.00 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The GOLD - USD price is 1,805.00 USD. The price registered a decrease of -1.67% on the session and was traded between 1,803.23 USD and 1,836.41 USD over the period. The price is currently at +0.10% from its lowest and -1.71% from its highest.1,803.23
1,836.41
1,805.00
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
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1,546.29 | 1,682.00 | 1,792.46 | 1,805.00 | 1,831.03 | 1,855.03 | 1,864.60 |
| Change (%) | -14.33% | -6.81% | -0.69% | - | +1.44% | +2.77% | +3.30% |
| Change | -258.71 | -123.00 | -12.54 | - | +26.03 | +50.03 | +59.60 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,773.93 | 1,802.48 | 1,819.08 | 1,847.63 | 1,864.23 | 1,892.78 | 1,909.38 |
| Camarilla | 1,823.26 | 1,827.40 | 1,831.54 | 1,835.68 | 1,839.82 | 1,843.96 | 1,848.10 |
| Woodie | 1,767.96 | 1,799.49 | 1,813.11 | 1,844.64 | 1,858.26 | 1,889.79 | 1,903.41 |
| Fibonacci | 1,802.48 | 1,819.73 | 1,830.38 | 1,847.63 | 1,864.88 | 1,875.53 | 1,892.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,803.08 | 1,827.91 | 1,849.47 | 1,874.30 | 1,895.86 | 1,920.69 | 1,942.25 |
| Camarilla | 1,858.26 | 1,862.52 | 1,866.77 | 1,871.02 | 1,875.27 | 1,879.53 | 1,883.78 |
| Woodie | 1,801.44 | 1,827.09 | 1,847.83 | 1,873.48 | 1,894.22 | 1,919.87 | 1,940.61 |
| Fibonacci | 1,827.91 | 1,845.63 | 1,856.58 | 1,874.30 | 1,892.02 | 1,902.97 | 1,920.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,774.49 | 1,817.26 | 1,847.83 | 1,890.60 | 1,921.17 | 1,963.94 | 1,994.51 |
| Camarilla | 1,858.24 | 1,864.96 | 1,871.69 | 1,878.41 | 1,885.13 | 1,891.86 | 1,898.58 |
| Woodie | 1,768.40 | 1,814.21 | 1,841.74 | 1,887.55 | 1,915.08 | 1,960.89 | 1,988.42 |
| Fibonacci | 1,817.26 | 1,845.27 | 1,862.58 | 1,890.60 | 1,918.61 | 1,935.92 | 1,963.94 |
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): | 30.73 | |
| MACD (12,26,9): | -5.0700 | |
| Directional Movement: | -15.51 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 1,806.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,812.61 | |
| Elder Ray (13): | -3.57 | |
| Super Trend (3,10): | 1,817.30 | |
| Zig ZAG (10): | 1,805.07 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 18.44 | |
| TEMA (21): | 1,804.84 | |
| Williams %R (14): | -84.43 | |
| Chande Momentum Oscillator (20): | -5.38 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.15 |
| MA7: | 1,860.06 | |
| MA20: | 1,881.92 | |
| MA50: | 1,895.01 | |
| MA100: | 1,911.09 | |
| MAexp7: | 1,807.35 | |
| MAexp20: | 1,812.64 | |
| MAexp50: | 1,820.85 | |
| MAexp100: | 1,831.15 | |
| Price / MA7: | -2.96% | |
| Price / MA20: | -4.09% | |
| Price / MA50: | -4.75% | |
| Price / MA100: | -5.55% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.43% |
Quotes :
2020-11-24 14:28:46
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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 and Silver Forecast November 24, 2020
-
Gold Technical Analysis for November 24, 2020 by FXEmpire
-
Understanding Gold Market Cycles
-
Gold and Silver Forecast November 23, 2020
-
Gold Technical Analysis for the Week of November 23, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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