GOLD - USD - 15 min. - Technical analysis published on 02/07/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bearish under 1,571.92 USD
My targets
1,562.21 USD (-0.22%)
1,556.10 USD (-0.61%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GOLD - USD as long as the price remains well below 1,571.92 USD. The next bearish objective for sellers is set at 1,562.21 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,556.10 USD. In case of crossing, the next objective would be the support located at 1,546.39 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1,562.21 USD. With this support, against the trend traders who want to buy GOLD - USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
0.7
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Additional analysis
Quotes
GOLD - USD rating 1,565.72 USD. The price is lower by -0.01% since the last closing and was traded between 1,564.85 USD and 1,569.21 USD over the period. The price is currently at +0.06% from its lowest and -0.22% from its highest.1,564.85
1,569.21
1,565.72
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,546.29 | 1,552.50 | 1,563.37 | 1,565.72 | 1,568.38 | 1,579.77 | 1,586.02 |
| Change (%) | -1.24% | -0.84% | -0.15% | - | +0.17% | +0.90% | +1.30% |
| Change | -19.43 | -13.22 | -2.35 | - | +2.66 | +14.05 | +20.30 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,540.28 | 1,546.39 | 1,556.10 | 1,562.21 | 1,571.92 | 1,578.03 | 1,587.74 |
| Camarilla | 1,561.46 | 1,562.91 | 1,564.36 | 1,565.81 | 1,567.26 | 1,568.71 | 1,570.16 |
| Woodie | 1,542.08 | 1,547.29 | 1,557.90 | 1,563.11 | 1,573.72 | 1,578.93 | 1,589.54 |
| Fibonacci | 1,546.39 | 1,552.43 | 1,556.17 | 1,562.21 | 1,568.25 | 1,571.99 | 1,578.03 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.70 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -8.83 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 1,566.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,567.55 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 1,565.23 | |
| Zig ZAG (10): | 1,566.44 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 43.20 | |
| TEMA (21): | 1,566.09 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -1.38 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1,569.42 | |
| MA20: | 1,564.28 | |
| MA50: | 1,526.70 | |
| MA100: | 1,506.45 | |
| MAexp7: | 1,566.29 | |
| MAexp20: | 1,566.47 | |
| MAexp50: | 1,565.98 | |
| MAexp100: | 1,564.23 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +2.56% | |
| Price / MA100: | +3.93% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.10% |
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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Gold Forecast February 7, 2020
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Gold Technical Analysis for February 07, 2020 by FXEmpire
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Gold Forecast February 6, 2020
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Gold Technical Analysis for February 06, 2020 by FXEmpire
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Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 02-04-2020
This member declared not having a position on this financial instrument or a related financial instrument.
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