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 05/28/2023 (GMT)

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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: Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 1,947.06 USD
My targets
1,942.41 USD (-0.14%)
1,939.74 USD (-0.27%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 1,947.06 USD, a sale could be considered. The first bearish objective is located at 1,942.41 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,939.74 USD as an objective. Crossing it would then enable sellers to target 1,937.76 USD. If the price were to return above 1,947.06 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8

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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,945.07 USD. On the day, this instrument lost -0.04% and was traded between 1,941.73 USD and 1,946.38 USD over the period. The price is currently at +0.17% from its lowest and -0.07% from its highest.

1,941.73
1,946.38
1,945.07

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a 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. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,811.49 1,909.31 1,936.80 1,945.07 1,954.55 1,968.90 1,977.67
Change (%) -6.87% -1.84% -0.43% - +0.49% +1.23% +1.68%
Change -133.58 -35.76 -8.27 - +9.48 +23.83 +32.60
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
Standard1,937.761,939.741,942.411,944.391,947.061,949.041,951.71
Camarilla1,943.791,944.221,944.641,945.071,945.501,945.921,946.35
Woodie1,938.101,939.911,942.751,944.561,947.401,949.211,952.05
Fibonacci1,939.741,941.521,942.621,944.391,946.171,947.271,949.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,878.031,907.421,926.651,956.041,975.272,004.662,023.89
Camarilla1,932.521,936.981,941.431,945.891,950.351,954.801,959.26
Woodie1,872.961,904.881,921.581,953.501,970.202,002.122,018.82
Fibonacci1,907.421,925.991,937.461,956.041,974.611,986.082,004.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,844.251,897.021,943.221,995.992,042.192,094.962,141.16
Camarilla1,962.201,971.281,980.351,989.421,998.492,007.572,016.64
Woodie1,840.971,895.381,939.941,994.352,038.912,093.322,137.88
Fibonacci1,897.021,934.831,958.181,995.992,033.802,057.152,094.96

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): 39.84
MACD (12,26,9): -0.2500
Directional Movement: -15.33
AROON (14): -35.71
DEMA (21): 1,945.39
Parabolic SAR (0,02-0,02-0,2): 1,947.64
Elder Ray (13): -2.49
Super Trend (3,10): 1,948.77
Zig ZAG (10): 1,944.31
VORTEX (21): 1.0400
Stochastique (14,3,5): 62.53
TEMA (21): 1,946.16
Williams %R (14): -42.47
Chande Momentum Oscillator (20): -0.48
Repulse (5,40,3): 0.2100
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.17
MA7: 1,959.13
MA20: 1,995.45
MA50: 1,992.58
MA100: 1,936.21
MAexp7: 1,945.64
MAexp20: 1,945.89
MAexp50: 1,946.73
MAexp100: 1,948.24
Price / MA7: -0.72%
Price / MA20: -2.52%
Price / MA50: -2.38%
Price / MA100: +0.46%
Price / MAexp7: -0.03%
Price / MAexp20: -0.04%
Price / MAexp50: -0.09%
Price / MAexp100: -0.16%

Quotes : - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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