GOLD - USD - 15 min. - Technical analysis published on 05/17/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 1,814.22 USD
My targets
1,841.55 USD (+0.60%)
1,856.66 USD (+1.42%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,814.22 USD. The buyers' bullish objective is set at 1,841.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,856.66 USD. If there is any crossing, the next objective would be the resistance located at 1,883.99 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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Additional analysis
Quotes
The GOLD - USD rating is 1,830.66 USD. On the day, this instrument gained +0.23% and was between 1,821.87 USD and 1,831.44 USD. This implies that the price is at +0.48% from its lowest and at -0.04% from its highest.1,821.87
1,831.44
1,830.66
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,728.89 | 1,790.70 | 1,817.71 | 1,830.66 | 1,831.99 | 1,865.87 | 1,892.59 |
| Change (%) | -5.56% | -2.18% | -0.71% | - | +0.07% | +1.92% | +3.38% |
| Change | -101.77 | -39.96 | -12.95 | - | +1.33 | +35.21 | +61.93 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,756.67 | 1,771.78 | 1,799.11 | 1,814.22 | 1,841.55 | 1,856.66 | 1,883.99 |
| Camarilla | 1,814.78 | 1,818.67 | 1,822.56 | 1,826.45 | 1,830.34 | 1,834.23 | 1,838.12 |
| Woodie | 1,762.79 | 1,774.84 | 1,805.23 | 1,817.28 | 1,847.67 | 1,859.72 | 1,890.11 |
| Fibonacci | 1,771.78 | 1,787.99 | 1,798.01 | 1,814.22 | 1,830.43 | 1,840.45 | 1,856.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,692.01 | 1,745.56 | 1,778.71 | 1,832.26 | 1,865.41 | 1,918.96 | 1,952.11 |
| Camarilla | 1,788.01 | 1,795.96 | 1,803.90 | 1,811.85 | 1,819.80 | 1,827.75 | 1,835.69 |
| Woodie | 1,681.80 | 1,740.46 | 1,768.50 | 1,827.16 | 1,855.20 | 1,913.86 | 1,941.90 |
| Fibonacci | 1,745.56 | 1,778.68 | 1,799.14 | 1,832.26 | 1,865.38 | 1,885.84 | 1,918.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,720.25 | 1,796.21 | 1,846.53 | 1,922.49 | 1,972.81 | 2,048.77 | 2,099.09 |
| Camarilla | 1,862.13 | 1,873.71 | 1,885.28 | 1,896.86 | 1,908.44 | 1,920.01 | 1,931.59 |
| Woodie | 1,707.44 | 1,789.80 | 1,833.72 | 1,916.08 | 1,960.00 | 2,042.36 | 2,086.28 |
| Fibonacci | 1,796.21 | 1,844.45 | 1,874.25 | 1,922.49 | 1,970.73 | 2,000.53 | 2,048.77 |
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): | 49.08 | |
| MACD (12,26,9): | 0.6600 | |
| Directional Movement: | -2.20 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,828.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,825.63 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 1,823.67 | |
| Zig ZAG (10): | 1,826.86 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 68.47 | |
| TEMA (21): | 1,828.46 | |
| Williams %R (14): | -37.45 | |
| Chande Momentum Oscillator (20): | 1.14 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1,832.94 | |
| MA20: | 1,876.88 | |
| MA50: | 1,920.51 | |
| MA100: | 1,884.09 | |
| MAexp7: | 1,828.04 | |
| MAexp20: | 1,827.54 | |
| MAexp50: | 1,825.50 | |
| MAexp100: | 1,822.14 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -2.46% | |
| Price / MA50: | -4.68% | |
| Price / MA100: | -2.84% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.47% |
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:
-
Gold Technical Analysis for May 17, 2022 by FXEmpire
-
Technical Analysis: 16/05/2022 - Gold around 1,800 border, bearish risks linger
-
Gold Technical Analysis for the Week of May 16, 2022 by FXEmpire
-
Gold Technical Analysis for May 16, 2022 by FXEmpire
-
Gold Technical Analysis for May 13, 2122 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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