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
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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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,557.08 | 1,564.00 | 1,576.71 | 1,583.63 | 1,596.34 | 1,603.26 | 1,615.97 |
Camarilla | 1,584.01 | 1,585.81 | 1,587.61 | 1,589.41 | 1,591.21 | 1,593.01 | 1,594.81 |
Woodie | 1,559.97 | 1,565.45 | 1,579.60 | 1,585.08 | 1,599.23 | 1,604.71 | 1,618.86 |
Fibonacci | 1,564.00 | 1,571.50 | 1,576.14 | 1,583.63 | 1,591.13 | 1,595.77 | 1,603.26 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,544.48 | 1,553.92 | 1,571.67 | 1,581.11 | 1,598.86 | 1,608.30 | 1,626.05 |
Camarilla | 1,581.93 | 1,584.43 | 1,586.92 | 1,589.41 | 1,591.90 | 1,594.40 | 1,596.89 |
Woodie | 1,548.63 | 1,556.00 | 1,575.82 | 1,583.19 | 1,603.01 | 1,610.38 | 1,630.20 |
Fibonacci | 1,553.92 | 1,564.31 | 1,570.73 | 1,581.11 | 1,591.50 | 1,597.92 | 1,608.30 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,439.76 | 1,478.52 | 1,533.97 | 1,572.73 | 1,628.18 | 1,666.94 | 1,722.39 |
Camarilla | 1,563.50 | 1,572.14 | 1,580.77 | 1,589.41 | 1,598.05 | 1,606.68 | 1,615.32 |
Woodie | 1,448.10 | 1,482.69 | 1,542.31 | 1,576.90 | 1,636.52 | 1,671.11 | 1,730.73 |
Fibonacci | 1,478.52 | 1,514.51 | 1,536.75 | 1,572.73 | 1,608.72 | 1,630.96 | 1,666.94 |
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% |
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 Forecast February 4, 2020
- Gold Technical Analysis for February 04, 2020 by FXEmpire
- Technical Trade Levels: US Dollar, EUR/USD, Crude Oil, Gold and S&P
- Gold Forecast February 3, 2020
- Gold Technical Analysis for February 03, 2018 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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