GOLD - USD - 1H - Technical analysis published on 05/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1,817.89 USD
My targets
1,831.37 USD (+0.28%)
1,843.61 USD (+0.95%)
My analysis
GOLD - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1,817.89 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1,831.37 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1,843.61 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1,855.57 USD. Beware of a possible return to under the support located at 1,817.89 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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Additional analysis
Quotes
GOLD - USD rating 1,826.18 USD. On the day, this instrument gained +0.47% and was traded between 1,808.79 USD and 1,828.83 USD over the period. The price is currently at +0.96% from its lowest and -0.14% from its highest.1,808.79
1,828.83
1,826.18
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GOLD - USD chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1,783.54 | 1,794.12 | 1,817.89 | 1,826.18 | 1,831.37 | 1,843.61 | 1,855.57 |
Change (%) | -2.33% | -1.76% | -0.45% | - | +0.28% | +0.95% | +1.61% |
Change | -42.64 | -32.06 | -8.29 | - | +5.19 | +17.43 | +29.39 |
Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,775.69 | 1,794.50 | 1,806.08 | 1,824.89 | 1,836.47 | 1,855.28 | 1,866.86 |
Camarilla | 1,809.30 | 1,812.09 | 1,814.87 | 1,817.66 | 1,820.45 | 1,823.23 | 1,826.02 |
Woodie | 1,772.08 | 1,792.69 | 1,802.47 | 1,823.08 | 1,832.86 | 1,853.47 | 1,863.25 |
Fibonacci | 1,794.50 | 1,806.11 | 1,813.28 | 1,824.89 | 1,836.50 | 1,843.67 | 1,855.28 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,708.04 | 1,737.08 | 1,785.35 | 1,814.39 | 1,862.66 | 1,891.70 | 1,939.97 |
Camarilla | 1,812.37 | 1,819.46 | 1,826.54 | 1,833.63 | 1,840.72 | 1,847.80 | 1,854.89 |
Woodie | 1,717.67 | 1,741.89 | 1,794.98 | 1,819.20 | 1,872.29 | 1,896.51 | 1,949.60 |
Fibonacci | 1,737.08 | 1,766.61 | 1,784.85 | 1,814.39 | 1,843.92 | 1,862.16 | 1,891.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,625.15 | 1,665.46 | 1,717.28 | 1,757.59 | 1,809.41 | 1,849.72 | 1,901.54 |
Camarilla | 1,743.76 | 1,752.21 | 1,760.66 | 1,769.10 | 1,777.55 | 1,785.99 | 1,794.44 |
Woodie | 1,630.91 | 1,668.34 | 1,723.04 | 1,760.47 | 1,815.17 | 1,852.60 | 1,907.30 |
Fibonacci | 1,665.46 | 1,700.65 | 1,722.40 | 1,757.59 | 1,792.78 | 1,814.53 | 1,849.72 |
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): | 55.18 | |
MACD (12,26,9): | 0.9100 | |
Directional Movement: | 6.32 | |
AROON (14): | 42.85 | |
DEMA (21): | 1,823.28 | |
Parabolic SAR (0,02-0,02-0,2): | 1,818.40 | |
Elder Ray (13): | 2.89 | |
Super Trend (3,10): | 1,814.18 | |
Zig ZAG (10): | 1,825.87 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 85.16 | |
TEMA (21): | 1,826.60 | |
Williams %R (14): | -13.27 | |
Chande Momentum Oscillator (20): | 11.19 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 1.06 |
MA7: | 1,821.34 | |
MA20: | 1,794.12 | |
MA50: | 1,754.59 | |
MA100: | 1,795.56 | |
MAexp7: | 1,825.38 | |
MAexp20: | 1,822.90 | |
MAexp50: | 1,824.25 | |
MAexp100: | 1,823.33 | |
Price / MA7: | +0.27% | |
Price / MA20: | +1.79% | |
Price / MA50: | +4.08% | |
Price / MA100: | +1.71% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | +0.11% | |
Price / MAexp100: | +0.16% |
Quotes :
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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 May 14, 2021
- Gold Technical Analysis for May 14, 2021 by FXEmpire
- Gold and AUD/USD Forecast May 13, 2021
- Gold Technical Analysis for May 13, 2021 by FXEmpire
- USD Rip + Dip on CPI: EUR/USD, USD/CAD, Oil and Gold
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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