GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 02/03/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1,583.63 USD
My targets
1,576.71 USD (-0.02%)
1,564.00 USD (-0.82%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 1,583.63 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,576.71 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,564.00 USD as an objective. Crossing it would then enable sellers to target 1,557.08 USD. If the resistance 1,583.63 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

Additional analysis

Quotes

GOLD - USD rating 1,576.97 USD. The price is lower by -0.78% since the last closing and was between 1,569.62 USD and 1,593.61 USD. This implies that the price is at +0.47% from its lowest and at -1.04% from its highest.

1,569.62
1,593.61
1,576.97

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 15 min. shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes


RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,551.94 1,563.52 1,570.93 1,576.97 1,586.13 1,595.11 1,792.46
Change (%) -1.59% -0.85% -0.38% - +0.58% +1.15% +13.66%
Change -25.03 -13.45 -6.04 - +9.16 +18.14 +215.49
Level Minor Intermediate Minor - Intermediate Intermediate Minor



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
Standard1,557.081,564.001,576.711,583.631,596.341,603.261,615.97
Camarilla1,584.011,585.811,587.611,589.411,591.211,593.011,594.81
Woodie1,559.971,565.451,579.601,585.081,599.231,604.711,618.86
Fibonacci1,564.001,571.501,576.141,583.631,591.131,595.771,603.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,544.481,553.921,571.671,581.111,598.861,608.301,626.05
Camarilla1,581.931,584.431,586.921,589.411,591.901,594.401,596.89
Woodie1,548.631,556.001,575.821,583.191,603.011,610.381,630.20
Fibonacci1,553.921,564.311,570.731,581.111,591.501,597.921,608.30


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,439.761,478.521,533.971,572.731,628.181,666.941,722.39
Camarilla1,563.501,572.141,580.771,589.411,598.051,606.681,615.32
Woodie1,448.101,482.691,542.311,576.901,636.521,671.111,730.73
Fibonacci1,478.521,514.511,536.751,572.731,608.721,630.961,666.94

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): 50.08
MACD (12,26,9): -0.1800
Directional Movement: -2.60
AROON (14): 7.14
DEMA (21): 1,576.51
Parabolic SAR (0,02-0,02-0,2): 1,575.20
Elder Ray (13): 0.14
Super Trend (3,10): 1,580.43
Zig ZAG (10): 1,576.80
VORTEX (21): 1.0300
Stochastique (14,3,5): 48.30
TEMA (21): 1,576.78
Williams %R (14): -48.66
Chande Momentum Oscillator (20): -0.35
Repulse (5,40,3): 0.0100
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.05
MA7: 1,577.19
MA20: 1,565.49
MA50: 1,518.57
MA100: 1,504.10
MAexp7: 1,576.68
MAexp20: 1,576.81
MAexp50: 1,577.52
MAexp100: 1,578.63
Price / MA7: -0.01%
Price / MA20: +0.73%
Price / MA50: +3.85%
Price / MA100: +4.84%
Price / MAexp7: +0.02%
Price / MAexp20: +0.01%
Price / MAexp50: -0.03%
Price / MAexp100: -0.11%

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

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