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

GOLD - USD - 1H - Technical analysis published on 01/21/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 m_showlag. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1,804.291,818.391,844.201,858.301,884.111,898.211,924.02
Camarilla1,859.041,862.691,866.351,870.011,873.671,877.331,880.99
Woodie1,810.151,821.321,850.061,861.231,889.971,901.141,929.88
Fibonacci1,818.391,833.641,843.051,858.301,873.551,882.961,898.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,762.171,789.681,808.851,836.361,855.531,883.041,902.21
Camarilla1,815.191,819.471,823.751,828.031,832.311,836.591,840.87
Woodie1,758.011,787.601,804.691,834.281,851.371,880.961,898.05
Fibonacci1,789.681,807.511,818.531,836.361,854.191,865.211,883.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,685.941,731.381,815.981,861.421,946.021,991.462,076.06
Camarilla1,864.831,876.751,888.671,900.591,912.511,924.431,936.35
Woodie1,705.531,741.171,835.571,871.211,965.612,001.252,095.65
Fibonacci1,731.381,781.051,811.741,861.421,911.091,941.781,991.46

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 - Real time data - Gold & Silver Spot

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

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