GOLD - USD - 15 min. - Technical analysis published on 04/29/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1,776.87 USD
My targets
1,755.42 USD (-0.74%)
1,748.19 USD (-1.15%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,776.87 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,755.42 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,748.19 USD as an objective. Crossing it would then enable sellers to target 1,683.10 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by mmoussawi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,768.52 USD. The price registered a decrease of -0.86% on the session with the lowest point at 1,756.23 USD and the highest point at 1,790.01 USD. The deviation from the price is +0.70% for the low point and -1.20% for the high point.1,756.23
1,790.01
1,768.52
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GOLD - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,683.10 | 1,748.55 | 1,763.66 | 1,768.52 | 1,768.87 | 1,778.85 | 1,785.64 |
| Change (%) | -4.83% | -1.13% | -0.27% | - | +0.02% | +0.58% | +0.97% |
| Change | -85.42 | -19.97 | -4.86 | - | +0.35 | +10.33 | +17.12 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,748.19 | 1,755.42 | 1,769.64 | 1,776.87 | 1,791.09 | 1,798.32 | 1,812.54 |
| Camarilla | 1,777.97 | 1,779.94 | 1,781.90 | 1,783.87 | 1,785.84 | 1,787.80 | 1,789.77 |
| Woodie | 1,751.70 | 1,757.17 | 1,773.15 | 1,778.62 | 1,794.60 | 1,800.07 | 1,816.05 |
| Fibonacci | 1,755.42 | 1,763.61 | 1,768.67 | 1,776.87 | 1,785.06 | 1,790.12 | 1,798.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,727.03 | 1,745.35 | 1,761.27 | 1,779.59 | 1,795.51 | 1,813.83 | 1,829.75 |
| Camarilla | 1,767.78 | 1,770.92 | 1,774.06 | 1,777.20 | 1,780.34 | 1,783.48 | 1,786.62 |
| Woodie | 1,725.84 | 1,744.75 | 1,760.08 | 1,778.99 | 1,794.32 | 1,813.23 | 1,828.56 |
| Fibonacci | 1,745.35 | 1,758.43 | 1,766.51 | 1,779.59 | 1,792.67 | 1,800.75 | 1,813.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,586.47 | 1,631.65 | 1,669.58 | 1,714.76 | 1,752.69 | 1,797.87 | 1,835.80 |
| Camarilla | 1,684.66 | 1,692.27 | 1,699.89 | 1,707.51 | 1,715.13 | 1,722.75 | 1,730.37 |
| Woodie | 1,582.85 | 1,629.84 | 1,665.96 | 1,712.95 | 1,749.07 | 1,796.06 | 1,832.18 |
| Fibonacci | 1,631.65 | 1,663.40 | 1,683.01 | 1,714.76 | 1,746.51 | 1,766.12 | 1,797.87 |
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): | 40.22 | |
| MACD (12,26,9): | -3.9100 | |
| Directional Movement: | -21.92 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,765.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,772.11 | |
| Elder Ray (13): | -2.63 | |
| Super Trend (3,10): | 1,773.57 | |
| Zig ZAG (10): | 1,766.34 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 36.73 | |
| TEMA (21): | 1,764.35 | |
| Williams %R (14): | -76.40 | |
| Chande Momentum Oscillator (20): | -14.57 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.13 |
| MA7: | 1,779.44 | |
| MA20: | 1,760.08 | |
| MA50: | 1,745.68 | |
| MA100: | 1,800.28 | |
| MAexp7: | 1,765.20 | |
| MAexp20: | 1,770.72 | |
| MAexp50: | 1,775.28 | |
| MAexp100: | 1,776.71 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | -1.76% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.46% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
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Gold and AUD/USD Forecast April 29, 2021
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Gold Technical Analysis for April 29, 2021 by FXEmpire
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Gold and AUD/USD Forecast April 28, 2021
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Gold Technical Analysis for April 28, 2021 by FXEmpire
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Gold and AUD/USD Forecast April 27, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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