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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 02/26/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1,741.80 USD
My targets
1,684.89 USD (-2.06%)
1,623.64 USD (-5.62%)
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 1,741.80 USD. The next support located at 1,684.89 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 1,623.64 USD. Below this support, sellers could then target 1,545.47 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8

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.

Simon1
This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 1,720.29 USD. The price registered a decrease of -2.81% on the session with the lowest point at 1,719.96 USD and the highest point at 1,775.86 USD. The deviation from the price is +0.02% for the low point and -3.13% for the high point.

1,719.96
1,775.86
1,720.29

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,471.86 1,545.47 1,684.89 1,720.29 1,741.80 1,760.67 1,769.59
Change (%) -14.44% -10.16% -2.06% - +1.25% +2.35% +2.87%
Change -248.43 -174.82 -35.40 - +21.51 +40.38 +49.30
Level Minor Minor Intermediate - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,716.751,741.131,755.531,779.911,794.311,818.691,833.09
Camarilla1,759.281,762.831,766.391,769.941,773.501,777.051,780.60
Woodie1,711.771,738.641,750.551,777.421,789.331,816.201,828.11
Fibonacci1,741.131,755.941,765.091,779.911,794.721,803.871,818.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,687.771,724.221,754.201,790.651,820.631,857.081,887.06
Camarilla1,765.911,772.001,778.091,784.181,790.271,796.361,802.45
Woodie1,684.541,722.601,750.971,789.031,817.401,855.461,883.83
Fibonacci1,724.221,749.601,765.271,790.651,816.031,831.701,857.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,623.641,713.111,780.451,869.921,937.262,026.732,094.07
Camarilla1,804.661,819.031,833.411,847.781,862.151,876.531,890.90
Woodie1,612.571,707.581,769.381,864.391,926.192,021.202,083.00
Fibonacci1,713.111,773.021,810.021,869.921,929.831,966.832,026.73

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): 23.24
MACD (12,26,9): -10.9600
Directional Movement: -34.08
AROON (14): -92.86
DEMA (21): 1,745.88
Parabolic SAR (0,02-0,02-0,2): 1,765.21
Elder Ray (13): -23.50
Super Trend (3,10): 1,757.04
Zig ZAG (10): 1,728.45
VORTEX (21): 0.7100
Stochastique (14,3,5): 5.78
TEMA (21): 1,741.09
Williams %R (14): -93.64
Chande Momentum Oscillator (20): -39.79
Repulse (5,40,3): -1.5000
ROCnROLL: 2
TRIX (15,9): -0.0700
Courbe Coppock: 2.56
MA7: 1,781.87
MA20: 1,808.05
MA50: 1,845.91
MA100: 1,859.28
MAexp7: 1,745.26
MAexp20: 1,759.64
MAexp50: 1,774.40
MAexp100: 1,784.10
Price / MA7: -3.46%
Price / MA20: -4.85%
Price / MA50: -6.81%
Price / MA100: -7.48%
Price / MAexp7: -1.44%
Price / MAexp20: -2.24%
Price / MAexp50: -3.05%
Price / MAexp100: -3.58%

Quotes : 2021-02-26 16:24:19 - Real time data - 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:

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

About author

Londinia
Londinia AI

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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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