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

GOLD - USD - 15 min. - Technical analysis published on 06/03/2021 (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: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1,898.34 USD
My targets
1,883.15 USD (-0.15%)
1,872.73 USD (-0.70%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,898.34 USD. The next support located at 1,883.15 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,872.73 USD. Below this support, sellers could then target 1,855.03 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

Additional analysis

Quotes

The GOLD - USD rating is 1,886.02 USD. The price is lower by -1.15% since the last closing and was between 1,884.41 USD and 1,909.69 USD. This implies that the price is at +0.09% from its lowest and at -1.24% from its highest.

1,884.41
1,909.69
1,886.02

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


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 detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,855.03 1,872.73 1,882.34 1,886.02 1,892.35 1,902.26 1,909.60
Change (%) -1.64% -0.70% -0.20% - +0.34% +0.86% +1.25%
Change -30.99 -13.29 -3.68 - +6.33 +16.24 +23.58
Level Minor Minor Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,883.151,888.791,898.341,903.981,913.531,919.171,928.72
Camarilla1,903.721,905.121,906.511,907.901,909.291,910.691,912.08
Woodie1,885.121,889.771,900.311,904.961,915.501,920.151,930.69
Fibonacci1,888.791,894.591,898.171,903.981,909.781,913.361,919.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,839.861,856.301,879.891,896.331,919.921,936.361,959.95
Camarilla1,892.481,896.151,899.821,903.491,907.161,910.831,914.50
Woodie1,843.451,858.091,883.481,898.121,923.511,938.151,963.54
Fibonacci1,856.301,871.591,881.041,896.331,911.621,921.071,936.36


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,665.261,715.681,811.911,862.331,958.562,008.982,105.21
Camarilla1,867.801,881.241,894.691,908.131,921.571,935.021,948.46
Woodie1,688.161,727.131,834.811,873.781,981.462,020.432,128.11
Fibonacci1,715.681,771.701,806.311,862.331,918.351,952.962,008.98

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 23.32
MACD (12,26,9): -2.5400
Directional Movement: -25.95
AROON (14): -64.29
DEMA (21): 1,890.35
Parabolic SAR (0,02-0,02-0,2): 1,896.17
Elder Ray (13): -5.88
Super Trend (3,10): 1,895.63
Zig ZAG (10): 1,885.87
VORTEX (21): 0.7900
Stochastique (14,3,5): 19.38
TEMA (21): 1,890.30
Williams %R (14): -78.66
Chande Momentum Oscillator (20): -5.75
Repulse (5,40,3): -0.2400
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.30
MA7: 1,899.77
MA20: 1,871.41
MA50: 1,802.84
MA100: 1,795.31
MAexp7: 1,890.74
MAexp20: 1,893.89
MAexp50: 1,897.81
MAexp100: 1,900.32
Price / MA7: -0.72%
Price / MA20: +0.78%
Price / MA50: +4.61%
Price / MA100: +5.05%
Price / MAexp7: -0.25%
Price / MAexp20: -0.41%
Price / MAexp50: -0.62%
Price / MAexp100: -0.75%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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