GOLD - USD - 1H - Technical analysis published on 01/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 1,855.03 USD
My targets
1,870.51 USD (+0.29%)
1,909.60 USD (+2.39%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,855.03 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,855.03 USD. The next bullish objective for buyers is set at 1,870.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,909.60 USD. If there is any crossing, the next objective would be the resistance located at 1,950.96 USD. PS: if there is a bearish break in the support located at 1,855.03 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.4
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This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,865.05 USD. On the day, this instrument lost -0.27% with the lowest point at 1,858.48 USD and the highest point at 1,875.16 USD. The deviation from the price is +0.35% for the low point and -0.54% for the high point.1,858.48
1,875.16
1,865.05
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:
Technical
Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,829.36 | 1,845.60 | 1,855.03 | 1,865.05 | 1,870.51 | 1,909.60 | 1,950.96 |
Change (%) | -1.91% | -1.04% | -0.54% | - | +0.29% | +2.39% | +4.61% |
Change | -35.69 | -19.45 | -10.02 | - | +5.46 | +44.55 | +85.91 |
Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,804.29 | 1,818.39 | 1,844.20 | 1,858.30 | 1,884.11 | 1,898.21 | 1,924.02 |
Camarilla | 1,859.04 | 1,862.69 | 1,866.35 | 1,870.01 | 1,873.67 | 1,877.33 | 1,880.99 |
Woodie | 1,810.15 | 1,821.32 | 1,850.06 | 1,861.23 | 1,889.97 | 1,901.14 | 1,929.88 |
Fibonacci | 1,818.39 | 1,833.64 | 1,843.05 | 1,858.30 | 1,873.55 | 1,882.96 | 1,898.21 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,762.17 | 1,789.68 | 1,808.85 | 1,836.36 | 1,855.53 | 1,883.04 | 1,902.21 |
Camarilla | 1,815.19 | 1,819.47 | 1,823.75 | 1,828.03 | 1,832.31 | 1,836.59 | 1,840.87 |
Woodie | 1,758.01 | 1,787.60 | 1,804.69 | 1,834.28 | 1,851.37 | 1,880.96 | 1,898.05 |
Fibonacci | 1,789.68 | 1,807.51 | 1,818.53 | 1,836.36 | 1,854.19 | 1,865.21 | 1,883.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,685.94 | 1,731.38 | 1,815.98 | 1,861.42 | 1,946.02 | 1,991.46 | 2,076.06 |
Camarilla | 1,864.83 | 1,876.75 | 1,888.67 | 1,900.59 | 1,912.51 | 1,924.43 | 1,936.35 |
Woodie | 1,705.53 | 1,741.17 | 1,835.57 | 1,871.21 | 1,965.61 | 2,001.25 | 2,095.65 |
Fibonacci | 1,731.38 | 1,781.05 | 1,811.74 | 1,861.42 | 1,911.09 | 1,941.78 | 1,991.46 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 44.65 | |
MACD (12,26,9): | 1.5800 | |
Directional Movement: | -12.41 | |
AROON (14): | -57.15 | |
DEMA (21): | 1,869.93 | |
Parabolic SAR (0,02-0,02-0,2): | 1,873.42 | |
Elder Ray (13): | -4.52 | |
Super Trend (3,10): | 1,859.88 | |
Zig ZAG (10): | 1,862.74 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 25.55 | |
TEMA (21): | 1,869.06 | |
Williams %R (14): | -57.07 | |
Chande Momentum Oscillator (20): | -6.77 | |
Repulse (5,40,3): | -0.1200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.21 |
MA7: | 1,847.86 | |
MA20: | 1,876.33 | |
MA50: | 1,859.63 | |
MA100: | 1,884.91 | |
MAexp7: | 1,866.72 | |
MAexp20: | 1,866.59 | |
MAexp50: | 1,859.86 | |
MAexp100: | 1,854.42 | |
Price / MA7: | +0.93% | |
Price / MA20: | -0.60% | |
Price / MA50: | +0.29% | |
Price / MA100: | -1.05% | |
Price / MAexp7: | -0.09% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | +0.28% | |
Price / MAexp100: | +0.57% |
Quotes :
2021-01-21 15:10:35
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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 Technical Analysis for January 21, 2021 by FXEmpire
- Mexico’s avocados: curbing the thirst of the country’s ‘green gold’ | FT Food Revolution
- Aguila American Gold Is A New Exploration Play In The USA For Gold
- Gold and AUD/USD Forecast January 20, 2021
- Gold Technical Analysis for January 20, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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