GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 05/13/2021 (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: 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

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

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1,775.691,794.501,806.081,824.891,836.471,855.281,866.86
Camarilla1,809.301,812.091,814.871,817.661,820.451,823.231,826.02
Woodie1,772.081,792.691,802.471,823.081,832.861,853.471,863.25
Fibonacci1,794.501,806.111,813.281,824.891,836.501,843.671,855.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,708.041,737.081,785.351,814.391,862.661,891.701,939.97
Camarilla1,812.371,819.461,826.541,833.631,840.721,847.801,854.89
Woodie1,717.671,741.891,794.981,819.201,872.291,896.511,949.60
Fibonacci1,737.081,766.611,784.851,814.391,843.921,862.161,891.70


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 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 : - 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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