XAUUSD

Technical summary

Six timeframes, two groups of votes, one reading each.

Updated · Spot 4,015.65 (-1.12, -0.03%)

TimeframeSummaryMoving averages (buy/sell)Indicators (buy/neutral/sell)Price
15 minutesStrong BuyStrong Buy 10/2Strong Buy 5/3/24,015.65
30 minutesNeutralStrong Buy 8/4Strong Sell 2/3/64,015.65
HourlyBuyBuy 7/5Buy 5/2/34,015.65
5 hoursStrong SellStrong Sell 3/9Strong Sell 1/2/74,015.65
DailyStrong SellStrong Sell 0/12Strong Sell 0/0/94,015.65
WeeklyStrong SellStrong Sell 4/8Strong Sell 0/1/74,015.65

How the summary is scored

Each timeframe has two groups. The moving average group compares price with twelve averages (simple and exponential, 5 to 200 bars); price above an average is a buy vote and below is a sell vote. The indicator group asks twelve oscillators for a buy, sell or neutral reading. A group reads Buy when buy votes outnumber sell votes, and Strong Buy when it leads two to one by at least three votes. The overall summary adds the two groups (Strong counts double): a total of 3 or more is Strong Buy, 1 or 2 is Buy, 0 is Neutral, and the same in reverse for selling.

Reading timeframes together

Short timeframes react first and reverse often; daily and weekly readings change slowly and describe the larger trend. When the hourly reading disagrees with the daily and weekly ones, treat it as a counter-trend move that needs tighter risk control. When all six line up, trends tend to be more persistent, although no reading guarantees the next move.

The current hourly bias is Neutral to cautious buy short term inside a range; the higher-timeframe downtrend still favours selling rallies with low confidence. 5-hour, daily and weekly all read Strong Sell; price is below every daily moving average and the 100 and 200-hour averages (about 4,052 to 4,108).