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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 05/04/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 1,778.85 USD
My targets
1,797.94 USD (+0.33%)
1,855.57 USD (+3.55%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,778.85 USD. The buyers” bullish objective is set at 1,797.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,855.57 USD. If there is any crossing, the next objective would be the resistance located at 1,909.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7

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.

mmoussawi
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 price is 1,791.95 USD. On the day, this instrument lost -0.04% and was between 1,790.72 USD and 1,793.25 USD. This implies that the price is at +0.07% from its lowest and at -0.07% from its highest.

1,790.72
1,793.25
1,791.95

Here is a more detailed summary of the historical variations registered by GOLD - USD:

Technical


Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

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 over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

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.

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

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,773.87 1,778.85 1,789.93 1,791.95 1,797.94 1,855.57 1,909.60
Change (%) -1.01% -0.73% -0.11% - +0.33% +3.55% +6.57%
Change -18.08 -13.10 -2.02 - +5.99 +63.62 +117.65
Level Minor Intermediate Intermediate - Intermediate Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,741.331,753.721,773.181,785.571,805.031,817.421,836.88
Camarilla1,783.881,786.801,789.721,792.641,795.561,798.481,801.40
Woodie1,744.871,755.491,776.721,787.341,808.571,819.191,840.42
Fibonacci1,753.721,765.891,773.401,785.571,797.741,805.251,817.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,719.771,738.001,753.551,771.781,787.331,805.561,821.11
Camarilla1,759.811,762.911,766.001,769.101,772.201,775.291,778.39
Woodie1,718.431,737.331,752.211,771.111,785.991,804.891,819.77
Fibonacci1,738.001,750.901,758.881,771.781,784.681,792.661,805.56


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,625.151,665.461,717.281,757.591,809.411,849.721,901.54
Camarilla1,743.761,752.211,760.661,769.101,777.551,785.991,794.44
Woodie1,630.911,668.341,723.041,760.471,815.171,852.601,907.30
Fibonacci1,665.461,700.651,722.401,757.591,792.781,814.531,849.72

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): 65.57
MACD (12,26,9): 4.9600
Directional Movement: 23.07
AROON (14): 28.57
DEMA (21): 1,793.75
Parabolic SAR (0,02-0,02-0,2): 1,797.83
Elder Ray (13): 2.11
Super Trend (3,10): 1,782.73
Zig ZAG (10): 1,791.48
VORTEX (21): 1.2400
Stochastique (14,3,5): 72.97
TEMA (21): 1,796.08
Williams %R (14): -28.45
Chande Momentum Oscillator (20): 7.35
Repulse (5,40,3): -0.0600
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.50
MA7: 1,780.85
MA20: 1,767.99
MA50: 1,745.56
MA100: 1,798.47
MAexp7: 1,791.84
MAexp20: 1,787.18
MAexp50: 1,780.78
MAexp100: 1,778.46
Price / MA7: +0.62%
Price / MA20: +1.36%
Price / MA50: +2.66%
Price / MA100: -0.36%
Price / MAexp7: +0.01%
Price / MAexp20: +0.27%
Price / MAexp50: +0.63%
Price / MAexp100: +0.76%

Quotes : - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were 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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