GOLD - USD - 15 min. - Technical analysis published on 09/28/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,648.44 USD
My targets
1,659.87 USD (+0.21%)
1,679.60 USD (+1.40%)
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 1,648.44 USD. The buyers' bullish objective is set at 1,659.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,679.60 USD. If there is any crossing, the next objective would be the resistance located at 1,684.74 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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This analysis was given by volga04. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,656.35 USD. The price registered an increase of +1.69% on the session and was between 1,614.85 USD and 1,660.91 USD. This implies that the price is at +2.57% from its lowest and at -0.27% from its highest.1,614.85
1,660.91
1,656.35
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,621.16 | 1,626.85 | 1,642.48 | 1,656.35 | 1,659.87 | 1,679.60 | 1,684.74 |
Change (%) | -2.12% | -1.78% | -0.84% | - | +0.21% | +1.40% | +1.71% |
Change | -35.19 | -29.50 | -13.87 | - | +3.52 | +23.25 | +28.39 |
Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 1,607.23 | 1,617.00 | 1,622.95 | 1,632.72 | 1,638.67 | 1,648.44 | 1,654.39 |
Camarilla | 1,624.59 | 1,626.03 | 1,627.47 | 1,628.91 | 1,630.35 | 1,631.79 | 1,633.23 |
Woodie | 1,605.33 | 1,616.05 | 1,621.05 | 1,631.77 | 1,636.77 | 1,647.49 | 1,652.49 |
Fibonacci | 1,617.00 | 1,623.00 | 1,626.71 | 1,632.72 | 1,638.72 | 1,642.43 | 1,648.44 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,578.09 | 1,608.95 | 1,626.39 | 1,657.25 | 1,674.69 | 1,705.55 | 1,722.99 |
Camarilla | 1,630.56 | 1,634.99 | 1,639.41 | 1,643.84 | 1,648.27 | 1,652.70 | 1,657.12 |
Woodie | 1,571.39 | 1,605.60 | 1,619.69 | 1,653.90 | 1,667.99 | 1,702.20 | 1,716.29 |
Fibonacci | 1,608.95 | 1,627.40 | 1,638.80 | 1,657.25 | 1,675.70 | 1,687.10 | 1,705.55 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,571.78 | 1,638.79 | 1,673.90 | 1,740.91 | 1,776.02 | 1,843.03 | 1,878.14 |
Camarilla | 1,680.92 | 1,690.28 | 1,699.64 | 1,709.00 | 1,718.36 | 1,727.72 | 1,737.08 |
Woodie | 1,555.82 | 1,630.82 | 1,657.94 | 1,732.94 | 1,760.06 | 1,835.06 | 1,862.18 |
Fibonacci | 1,638.79 | 1,677.80 | 1,701.90 | 1,740.91 | 1,779.92 | 1,804.02 | 1,843.03 |
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): | 83.75 | |
MACD (12,26,9): | 8.2200 | |
Directional Movement: | 31.82 | |
AROON (14): | 85.71 | |
DEMA (21): | 1,655.87 | |
Parabolic SAR (0,02-0,02-0,2): | 1,651.78 | |
Elder Ray (13): | 9.59 | |
Super Trend (3,10): | 1,646.81 | |
Zig ZAG (10): | 1,659.30 | |
VORTEX (21): | 1.3100 | |
Stochastique (14,3,5): | 94.54 | |
TEMA (21): | 1,660.22 | |
Williams %R (14): | -8.27 | |
Chande Momentum Oscillator (20): | 22.89 | |
Repulse (5,40,3): | 0.2600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 2.72 |
MA7: | 1,652.00 | |
MA20: | 1,683.78 | |
MA50: | 1,727.40 | |
MA100: | 1,768.73 | |
MAexp7: | 1,656.06 | |
MAexp20: | 1,645.81 | |
MAexp50: | 1,636.40 | |
MAexp100: | 1,633.06 | |
Price / MA7: | +0.26% | |
Price / MA20: | -1.63% | |
Price / MA50: | -4.11% | |
Price / MA100: | -6.35% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.64% | |
Price / MAexp50: | +1.22% | |
Price / MAexp100: | +1.42% |
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 September 29, 2022 by FXEmpire
- Paradise Lost: The Weight of Gold
- Gold Forecast September 28, 2022
- Gold Technical Analysis for September 28, 2022 by FXEmpire
- Could Gold drop a whopping 45%?
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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