GOLD - USD - 15 min. - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 2,362.66 USD
My targets
2,330.16 USD (-0.41%)
2,314.33 USD (-1.08%)
My analysis
All elements being clearly 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 2,362.66 USD. The sellers' bearish objective is set at 2,330.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,314.33 USD. In case of crossing, the next objective would be the support located at 2,309.60 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The GOLD - USD rating is 2,339.67 USD. On the day, this instrument lost -1.01% and was between 2,338.49 USD and 2,364.54 USD. This implies that the price is at +0.05% from its lowest and at -1.05% from its highest.2,338.49
2,364.54
2,339.67
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,291.38 | 2,309.60 | 2,321.12 | 2,339.67 | 2,356.39 | 2,378.50 | 2,390.13 |
Change (%) | -2.06% | -1.29% | -0.79% | - | +0.71% | +1.66% | +2.16% |
Change | -48.29 | -30.07 | -18.55 | - | +16.72 | +38.83 | +50.46 |
Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,314.33 | 2,330.16 | 2,346.83 | 2,362.66 | 2,379.33 | 2,395.16 | 2,411.83 |
Camarilla | 2,354.55 | 2,357.53 | 2,360.51 | 2,363.49 | 2,366.47 | 2,369.45 | 2,372.43 |
Woodie | 2,314.74 | 2,330.37 | 2,347.24 | 2,362.87 | 2,379.74 | 2,395.37 | 2,412.24 |
Fibonacci | 2,330.16 | 2,342.58 | 2,350.25 | 2,362.66 | 2,375.08 | 2,382.75 | 2,395.16 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,224.09 | 2,257.98 | 2,310.73 | 2,344.62 | 2,397.37 | 2,431.26 | 2,484.01 |
Camarilla | 2,339.66 | 2,347.61 | 2,355.55 | 2,363.49 | 2,371.43 | 2,379.37 | 2,387.32 |
Woodie | 2,233.53 | 2,262.70 | 2,320.17 | 2,349.34 | 2,406.81 | 2,435.98 | 2,493.45 |
Fibonacci | 2,257.98 | 2,291.07 | 2,311.52 | 2,344.62 | 2,377.71 | 2,398.16 | 2,431.26 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,999.72 | 2,114.12 | 2,202.75 | 2,317.15 | 2,405.78 | 2,520.18 | 2,608.81 |
Camarilla | 2,235.55 | 2,254.16 | 2,272.77 | 2,291.38 | 2,309.99 | 2,328.60 | 2,347.21 |
Woodie | 1,986.84 | 2,107.68 | 2,189.87 | 2,310.71 | 2,392.90 | 2,513.74 | 2,595.93 |
Fibonacci | 2,114.12 | 2,191.68 | 2,239.59 | 2,317.15 | 2,394.71 | 2,442.62 | 2,520.18 |
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): | 37.08 | |
MACD (12,26,9): | -3.2400 | |
Directional Movement: | -18.24 | |
AROON (14): | -50.00 | |
DEMA (21): | 2,340.54 | |
Parabolic SAR (0,02-0,02-0,2): | 2,339.34 | |
Elder Ray (13): | -0.87 | |
Super Trend (3,10): | 2,348.14 | |
Zig ZAG (10): | 2,340.65 | |
VORTEX (21): | 0.8200 | |
Stochastique (14,3,5): | 26.80 | |
TEMA (21): | 2,339.74 | |
Williams %R (14): | -88.45 | |
Chande Momentum Oscillator (20): | -8.19 | |
Repulse (5,40,3): | -0.1500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.64 |
MA7: | 2,328.79 | |
MA20: | 2,335.89 | |
MA50: | 2,270.06 | |
MA100: | 2,152.28 | |
MAexp7: | 2,341.60 | |
MAexp20: | 2,345.34 | |
MAexp50: | 2,351.09 | |
MAexp100: | 2,353.40 | |
Price / MA7: | +0.47% | |
Price / MA20: | +0.16% | |
Price / MA50: | +3.07% | |
Price / MA100: | +8.71% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | -0.24% | |
Price / MAexp50: | -0.49% | |
Price / MAexp100: | -0.58% |
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 Long Term Forecast for May 12, by Chris Lewis, for #fxempire #trading #gold #xauusd
- Gold Daily Forecast and Technical Analysis for May 10, 2024 by Bruce Powers, CMT, FX Empire
- Gold Long Term Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for May 09, 2024 by Bruce Powers, CMT, FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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