GOLD - USD - 15 min. - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1,946.15 USD
My targets
1,941.50 USD (-0.15%)
1,939.29 USD (-0.26%)
My analysis
There is a bearish trend on GOLD - USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1,946.15 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1,941.50 USD. Then the price could move towards 1,939.29 USD. Then 1,936.85 USD by extension. Be careful, a return to above the resistance 1,946.15 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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Additional analysis
Quotes
The GOLD - USD price is 1,944.33 USD. On the day, this instrument gained +0.03% with the lowest point at 1,940.25 USD and the highest point at 1,946.26 USD. The deviation from the price is +0.21% for the low point and -0.10% for the high point.1,940.25
1,946.26
1,944.33
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
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 | 1,944.33 | 1,954.55 | 1,968.90 | 1,977.67 |
Change (%) | -6.83% | -1.80% | -0.39% | - | +0.53% | +1.26% | +1.71% |
Change | -132.84 | -35.02 | -7.53 | - | +10.22 | +24.57 | +33.34 |
Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,936.85 | 1,939.29 | 1,941.50 | 1,943.94 | 1,946.15 | 1,948.59 | 1,950.80 |
Camarilla | 1,942.43 | 1,942.86 | 1,943.28 | 1,943.71 | 1,944.14 | 1,944.56 | 1,944.99 |
Woodie | 1,936.74 | 1,939.23 | 1,941.39 | 1,943.88 | 1,946.04 | 1,948.53 | 1,950.69 |
Fibonacci | 1,939.29 | 1,941.07 | 1,942.16 | 1,943.94 | 1,945.72 | 1,946.81 | 1,948.59 |
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): | 54.35 | |
MACD (12,26,9): | -0.4800 | |
Directional Movement: | -1.18 | |
AROON (14): | -85.71 | |
DEMA (21): | 1,943.61 | |
Parabolic SAR (0,02-0,02-0,2): | 1,940.25 | |
Elder Ray (13): | 1.67 | |
Super Trend (3,10): | 1,946.27 | |
Zig ZAG (10): | 1,945.59 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 79.29 | |
TEMA (21): | 1,943.82 | |
Williams %R (14): | -7.82 | |
Chande Momentum Oscillator (20): | 0.74 | |
Repulse (5,40,3): | 0.1000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.21 |
MA7: | 1,954.36 | |
MA20: | 1,991.95 | |
MA50: | 1,991.97 | |
MA100: | 1,936.97 | |
MAexp7: | 1,944.19 | |
MAexp20: | 1,944.35 | |
MAexp50: | 1,945.50 | |
MAexp100: | 1,947.16 | |
Price / MA7: | -0.51% | |
Price / MA20: | -2.39% | |
Price / MA50: | -2.39% | |
Price / MA100: | +0.38% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.00% | |
Price / MAexp50: | -0.06% | |
Price / MAexp100: | -0.15% |
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:
- 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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