GOLD - USD - Daily - Technical analysis published on 02/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,855.57 USD
My targets
1,778.85 USD (-1.29%)
1,741.80 USD (-3.35%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,855.57 USD. The next support located at 1,778.85 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,741.80 USD. Below this support, sellers could then target 1,684.89 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,802.18 USD. The price is lower by -0.05% since the last closing and was traded between 1,801.52 USD and 1,804.28 USD over the period. The price is currently at +0.04% from its lowest and -0.12% from its highest.1,801.52
1,804.28
1,802.18
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GOLD - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,684.89 | 1,741.80 | 1,778.85 | 1,802.18 | 1,855.57 | 1,909.60 | 1,950.96 |
Change (%) | -6.51% | -3.35% | -1.29% | - | +2.96% | +5.96% | +8.26% |
Change | -117.29 | -60.38 | -23.33 | - | +53.39 | +107.42 | +148.78 |
Level | Minor | Minor | Major | - | 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 | 1,756.21 | 1,769.90 | 1,786.53 | 1,800.22 | 1,816.85 | 1,830.54 | 1,847.17 |
Camarilla | 1,794.82 | 1,797.60 | 1,800.38 | 1,803.16 | 1,805.94 | 1,808.72 | 1,811.50 |
Woodie | 1,757.68 | 1,770.64 | 1,788.00 | 1,800.96 | 1,818.32 | 1,831.28 | 1,848.64 |
Fibonacci | 1,769.90 | 1,781.48 | 1,788.64 | 1,800.22 | 1,811.80 | 1,818.96 | 1,830.54 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,687.77 | 1,724.22 | 1,754.20 | 1,790.65 | 1,820.63 | 1,857.08 | 1,887.06 |
Camarilla | 1,765.91 | 1,772.00 | 1,778.09 | 1,784.18 | 1,790.27 | 1,796.36 | 1,802.45 |
Woodie | 1,684.54 | 1,722.60 | 1,750.97 | 1,789.03 | 1,817.40 | 1,855.46 | 1,883.83 |
Fibonacci | 1,724.22 | 1,749.60 | 1,765.27 | 1,790.65 | 1,816.03 | 1,831.70 | 1,857.08 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,623.64 | 1,713.11 | 1,780.45 | 1,869.92 | 1,937.26 | 2,026.73 | 2,094.07 |
Camarilla | 1,804.66 | 1,819.03 | 1,833.41 | 1,847.78 | 1,862.15 | 1,876.53 | 1,890.90 |
Woodie | 1,612.57 | 1,707.58 | 1,769.38 | 1,864.39 | 1,926.19 | 2,021.20 | 2,083.00 |
Fibonacci | 1,713.11 | 1,773.02 | 1,810.02 | 1,869.92 | 1,929.83 | 1,966.83 | 2,026.73 |
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): | 43.43 | |
MACD (12,26,9): | -14.4000 | |
Directional Movement: | -13.63 | |
AROON (14): | -50.00 | |
DEMA (21): | 1,795.06 | |
Parabolic SAR (0,02-0,02-0,2): | 1,821.64 | |
Elder Ray (13): | -3.80 | |
Super Trend (3,10): | 1,855.44 | |
Zig ZAG (10): | 1,802.21 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 45.38 | |
TEMA (21): | 1,790.39 | |
Williams %R (14): | -56.17 | |
Chande Momentum Oscillator (20): | -34.01 | |
Repulse (5,40,3): | 0.4400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1200 | |
Courbe Coppock: | 3.56 |
MA7: | 1,793.84 | |
MA20: | 1,815.45 | |
MA50: | 1,849.21 | |
MA100: | 1,861.16 | |
MAexp7: | 1,801.74 | |
MAexp20: | 1,814.21 | |
MAexp50: | 1,836.10 | |
MAexp100: | 1,849.13 | |
Price / MA7: | +0.46% | |
Price / MA20: | -0.73% | |
Price / MA50: | -2.54% | |
Price / MA100: | -3.17% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | -0.66% | |
Price / MAexp50: | -1.85% | |
Price / MAexp100: | -2.54% |
Quotes :
2021-02-25 00:38:41
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold and AUD/USD Forecast February 25, 2021
- Gold Technical Analysis for February 25, 2021 by FXEmpire
- Caledonia Mining - Successful Gold Production With Rising Quarterly Dividends
- Gold and AUD/USD Forecast February 24, 2021
- Gold Technical Analysis for February 24, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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