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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 06/10/2021 (GMT)

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Londinia
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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%
67%
17%
My opinion
Bearish under 1,884.36 USD
My targets
1,872.72 USD (-0.21%)
1,869.52 USD (-0.38%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,884.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,872.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,869.52 USD as an objective. Crossing it would then enable sellers to target 1,855.99 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7

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.

Vincent Launay
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 price is 1,876.57 USD. On the day, this instrument lost -0.64% and was between 1,872.50 USD and 1,889.42 USD. This implies that the price is at +0.22% from its lowest and at -0.68% from its highest.

1,872.50
1,889.42
1,876.57

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,855.99 1,869.52 1,874.68 1,876.57 1,887.54 1,896.30 1,903.64
Change (%) -1.10% -0.38% -0.10% - +0.58% +1.05% +1.44%
Change -20.58 -7.05 -1.89 - +10.97 +19.73 +27.07
Level Intermediate Intermediate Minor - Major Intermediate 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
Standard1,872.721,880.031,884.361,891.671,896.001,903.311,907.64
Camarilla1,885.501,886.571,887.631,888.701,889.771,890.831,891.90
Woodie1,871.241,879.291,882.881,890.931,894.521,902.571,906.16
Fibonacci1,880.031,884.471,887.221,891.671,896.111,898.861,903.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,798.661,827.331,859.281,887.951,919.901,948.571,980.52
Camarilla1,874.571,880.131,885.681,891.241,896.801,902.351,907.91
Woodie1,800.311,828.151,860.931,888.771,921.551,949.391,982.17
Fibonacci1,827.331,850.481,864.791,887.951,911.101,925.411,948.57


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 28.61
MACD (12,26,9): -2.0400
Directional Movement: -30.23
AROON (14): -78.57
DEMA (21): 1,877.29
Parabolic SAR (0,02-0,02-0,2): 1,882.89
Elder Ray (13): -4.60
Super Trend (3,10): 1,880.87
Zig ZAG (10): 1,875.91
VORTEX (21): 0.7700
Stochastique (14,3,5): 14.39
TEMA (21): 1,877.17
Williams %R (14): -65.03
Chande Momentum Oscillator (20): -6.28
Repulse (5,40,3): 0.0000
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.35
MA7: 1,889.52
MA20: 1,885.52
MA50: 1,820.15
MA100: 1,797.38
MAexp7: 1,877.48
MAexp20: 1,879.93
MAexp50: 1,883.08
MAexp100: 1,886.05
Price / MA7: -0.69%
Price / MA20: -0.47%
Price / MA50: +3.10%
Price / MA100: +4.41%
Price / MAexp7: -0.05%
Price / MAexp20: -0.18%
Price / MAexp50: -0.35%
Price / MAexp100: -0.51%

Quotes : - Real time data - Gold & Silver Spot

News


The last news published on GOLD - USD at the time of the generation of this analysis was 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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