GOLD - USD - 15 min. - Technical analysis published on 06/22/2022 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 1,834.56 USD
My targets
1,840.53 USD (+0.14%)
1,849.65 USD (+0.64%)
My analysis
With a bullish background trend, the price of GOLD - USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1,834.56 USD. A bullish break in the resistance located at 1,840.53 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1,849.65 USD. Then 1,855.62 USD by extension. It would be safer to wait for a bullish break in the resistance located at 1,840.53 USD before allowing yourself to re trade long positions (at purchase) on GOLD - USD. PS: if there is a bearish break in the support located at 1,834.56 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The GOLD - USD price is 1,837.95 USD. On the day, this instrument gained +0.36% and was traded between 1,823.42 USD and 1,847.92 USD over the period. The price is currently at +0.80% from its lowest and -0.54% from its highest.1,823.42
1,847.92
1,837.95
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,811.85 | 1,819.29 | 1,828.71 | 1,837.95 | 1,841.99 | 1,857.78 | 1,866.99 |
Change (%) | -1.42% | -1.02% | -0.50% | - | +0.22% | +1.08% | +1.58% |
Change | -26.10 | -18.66 | -9.24 | - | +4.04 | +19.83 | +29.04 |
Level | Major | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,810.35 | 1,819.47 | 1,825.44 | 1,834.56 | 1,840.53 | 1,849.65 | 1,855.62 |
Camarilla | 1,827.27 | 1,828.65 | 1,830.04 | 1,831.42 | 1,832.80 | 1,834.19 | 1,835.57 |
Woodie | 1,808.79 | 1,818.68 | 1,823.88 | 1,833.77 | 1,838.97 | 1,848.86 | 1,854.06 |
Fibonacci | 1,819.47 | 1,825.23 | 1,828.79 | 1,834.56 | 1,840.32 | 1,843.88 | 1,849.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,729.18 | 1,767.14 | 1,803.26 | 1,841.22 | 1,877.34 | 1,915.30 | 1,951.42 |
Camarilla | 1,819.01 | 1,825.80 | 1,832.59 | 1,839.38 | 1,846.17 | 1,852.96 | 1,859.75 |
Woodie | 1,728.26 | 1,766.68 | 1,802.34 | 1,840.76 | 1,876.42 | 1,914.84 | 1,950.50 |
Fibonacci | 1,767.14 | 1,795.44 | 1,812.92 | 1,841.22 | 1,869.52 | 1,887.00 | 1,915.30 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,656.03 | 1,721.45 | 1,778.96 | 1,844.38 | 1,901.89 | 1,967.31 | 2,024.82 |
Camarilla | 1,802.65 | 1,813.92 | 1,825.19 | 1,836.46 | 1,847.73 | 1,859.00 | 1,870.27 |
Woodie | 1,652.07 | 1,719.47 | 1,775.00 | 1,842.40 | 1,897.93 | 1,965.33 | 2,020.86 |
Fibonacci | 1,721.45 | 1,768.41 | 1,797.42 | 1,844.38 | 1,891.34 | 1,920.35 | 1,967.31 |
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): | 49.04 | |
MACD (12,26,9): | -0.0500 | |
Directional Movement: | 1.58 | |
AROON (14): | -28.57 | |
DEMA (21): | 1,838.18 | |
Parabolic SAR (0,02-0,02-0,2): | 1,838.36 | |
Elder Ray (13): | -0.13 | |
Super Trend (3,10): | 1,834.61 | |
Zig ZAG (10): | 1,838.15 | |
VORTEX (21): | 1.0600 | |
Stochastique (14,3,5): | 17.00 | |
TEMA (21): | 1,837.35 | |
Williams %R (14): | -75.85 | |
Chande Momentum Oscillator (20): | 0.14 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.12 |
MA7: | 1,834.80 | |
MA20: | 1,844.58 | |
MA50: | 1,867.47 | |
MA100: | 1,891.60 | |
MAexp7: | 1,837.91 | |
MAexp20: | 1,838.08 | |
MAexp50: | 1,836.98 | |
MAexp100: | 1,835.56 | |
Price / MA7: | +0.17% | |
Price / MA20: | -0.36% | |
Price / MA50: | -1.58% | |
Price / MA100: | -2.84% | |
Price / MAexp7: | +0.00% | |
Price / MAexp20: | -0.01% | |
Price / MAexp50: | +0.05% | |
Price / MAexp100: | +0.13% |
Quotes :
-
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 Technical Analysis for June 23, 2022 by FXEmpire
- Gold Technical Analysis for June 22, 2022 by FXEmpire
- Gold Technical Analysis for June 21, 2022 by FXEmpire
- Technical Analysis: 20/06/2022 - Gold indecisive within constraining zone
- Technical Analysis: 20/06/2022 - Gold indecisive within constraining zone
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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