GOLD - USD - 15 min. - Technical analysis published on 05/28/2023 (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:
Bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1,946.74 USD
My targets
1,942.14 USD (-0.10%)
1,940.34 USD (-0.19%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 1,946.74 USD. The next bearish objective for sellers is set at 1,942.14 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1,940.34 USD. If there is any crossing, the next objective would be the support located at 1,938.94 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,944.01 USD. On the day, this instrument lost -0.10% and was between 1,941.73 USD and 1,944.93 USD. This implies that the price is at +0.12% from its lowest and at -0.05% from its highest.1,941.73
1,944.93
1,944.01
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,811.49 | 1,909.31 | 1,936.80 | 1,944.01 | 1,954.55 | 1,968.90 | 1,977.67 |
Change (%) | -6.82% | -1.78% | -0.37% | - | +0.54% | +1.28% | +1.73% |
Change | -132.52 | -34.70 | -7.21 | - | +10.54 | +24.89 | +33.66 |
Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,938.94 | 1,940.34 | 1,942.14 | 1,943.54 | 1,945.34 | 1,946.74 | 1,948.54 |
Camarilla | 1,943.07 | 1,943.36 | 1,943.66 | 1,943.95 | 1,944.24 | 1,944.54 | 1,944.83 |
Woodie | 1,939.15 | 1,940.44 | 1,942.35 | 1,943.64 | 1,945.55 | 1,946.84 | 1,948.75 |
Fibonacci | 1,940.34 | 1,941.56 | 1,942.31 | 1,943.54 | 1,944.76 | 1,945.51 | 1,946.74 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,878.03 | 1,907.42 | 1,926.65 | 1,956.04 | 1,975.27 | 2,004.66 | 2,023.89 |
Camarilla | 1,932.52 | 1,936.98 | 1,941.43 | 1,945.89 | 1,950.35 | 1,954.80 | 1,959.26 |
Woodie | 1,872.96 | 1,904.88 | 1,921.58 | 1,953.50 | 1,970.20 | 2,002.12 | 2,018.82 |
Fibonacci | 1,907.42 | 1,925.99 | 1,937.46 | 1,956.04 | 1,974.61 | 1,986.08 | 2,004.66 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,844.25 | 1,897.02 | 1,943.22 | 1,995.99 | 2,042.19 | 2,094.96 | 2,141.16 |
Camarilla | 1,962.20 | 1,971.28 | 1,980.35 | 1,989.42 | 1,998.49 | 2,007.57 | 2,016.64 |
Woodie | 1,840.97 | 1,895.38 | 1,939.94 | 1,994.35 | 2,038.91 | 2,093.32 | 2,137.88 |
Fibonacci | 1,897.02 | 1,934.83 | 1,958.18 | 1,995.99 | 2,033.80 | 2,057.15 | 2,094.96 |
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): | 48.73 | |
MACD (12,26,9): | -0.0300 | |
Directional Movement: | 0.03 | |
AROON (14): | 64.29 | |
DEMA (21): | 1,945.77 | |
Parabolic SAR (0,02-0,02-0,2): | 1,943.11 | |
Elder Ray (13): | 0.40 | |
Super Trend (3,10): | 1,951.18 | |
Zig ZAG (10): | 1,945.89 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 75.74 | |
TEMA (21): | 1,946.53 | |
Williams %R (14): | -38.13 | |
Chande Momentum Oscillator (20): | 0.96 | |
Repulse (5,40,3): | -0.0600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.21 |
MA7: | 1,958.95 | |
MA20: | 1,995.39 | |
MA50: | 1,992.56 | |
MA100: | 1,936.21 | |
MAexp7: | 1,946.40 | |
MAexp20: | 1,946.06 | |
MAexp50: | 1,946.86 | |
MAexp100: | 1,948.34 | |
Price / MA7: | -0.76% | |
Price / MA20: | -2.57% | |
Price / MA50: | -2.44% | |
Price / MA100: | +0.40% | |
Price / MAexp7: | -0.12% | |
Price / MAexp20: | -0.11% | |
Price / MAexp50: | -0.15% | |
Price / MAexp100: | -0.22% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Judo history is made: Austria on top, and a first ever gold for Puerto Rico
- Gold Forecast Video for 29.05.23 by Bruce Powers
- Gold Technical Analysis for the Week of May 29, 2023 by FXEmpire
- Gold Forecast May 29, 2023
- Gold Technical Analysis for May 29, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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