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 04/30/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,778.85 USD
My targets
1,762.64 USD (-0.28%)
1,756.23 USD (-0.64%)
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 1,778.85 USD. The next support located at 1,762.64 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 1,756.23 USD. Below this support, sellers could then target 1,748.55 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

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

Additional analysis

Quotes

The GOLD - USD rating is 1,767.58 USD. On the day, this instrument lost -0.32% and was traded between 1,765.42 USD and 1,773.33 USD over the period. The price is currently at +0.12% from its lowest and -0.32% from its highest.

1,765.42
1,773.33
1,767.58

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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


A technical analysis in 1H 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,748.55 1,756.23 1,762.64 1,767.58 1,768.87 1,778.85 1,785.64
Change (%) -1.08% -0.64% -0.28% - +0.07% +0.64% +1.02%
Change -19.03 -11.35 -4.94 - +1.29 +11.27 +18.06
Level Minor Minor Intermediate - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,722.571,739.401,756.351,773.181,790.131,806.961,823.91
Camarilla1,764.011,767.111,770.201,773.301,776.401,779.491,782.59
Woodie1,722.631,739.431,756.411,773.211,790.191,806.991,823.97
Fibonacci1,739.401,752.301,760.281,773.181,786.081,794.061,806.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,727.031,745.351,761.271,779.591,795.511,813.831,829.75
Camarilla1,767.781,770.921,774.061,777.201,780.341,783.481,786.62
Woodie1,725.841,744.751,760.081,778.991,794.321,813.231,828.56
Fibonacci1,745.351,758.431,766.511,779.591,792.671,800.751,813.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,586.471,631.651,669.581,714.761,752.691,797.871,835.80
Camarilla1,684.661,692.271,699.891,707.511,715.131,722.751,730.37
Woodie1,582.851,629.841,665.961,712.951,749.071,796.061,832.18
Fibonacci1,631.651,663.401,683.011,714.761,746.511,766.121,797.87

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): 44.16
MACD (12,26,9): -1.7600
Directional Movement: -4.62
AROON (14): -50.00
DEMA (21): 1,767.84
Parabolic SAR (0,02-0,02-0,2): 1,774.81
Elder Ray (13): -1.62
Super Trend (3,10): 1,778.18
Zig ZAG (10): 1,767.12
VORTEX (21): 1.1200
Stochastique (14,3,5): 28.53
TEMA (21): 1,767.36
Williams %R (14): -76.92
Chande Momentum Oscillator (20): -4.75
Repulse (5,40,3): -0.1600
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.31
MA7: 1,777.20
MA20: 1,762.35
MA50: 1,745.74
MA100: 1,799.33
MAexp7: 1,768.62
MAexp20: 1,770.31
MAexp50: 1,773.05
MAexp100: 1,775.30
Price / MA7: -0.54%
Price / MA20: +0.30%
Price / MA50: +1.25%
Price / MA100: -1.76%
Price / MAexp7: -0.06%
Price / MAexp20: -0.15%
Price / MAexp50: -0.31%
Price / MAexp100: -0.43%

Quotes : - 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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