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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 06/01/2021 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,909.60 USD
My targets
1,889.41 USD (-0.55%)
1,882.34 USD (-0.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 1,909.60 USD. The sellers' bearish objective is set at 1,889.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,882.34 USD. In case of crossing, the next objective would be the support located at 1,870.23 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6

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

GOLD - USD rating 1,899.90 USD. The price is lower by -0.43% since the last closing and was traded between 1,896.98 USD and 1,916.61 USD over the period. The price is currently at +0.15% from its lowest and -0.87% from its highest.

1,896.98
1,916.61
1,899.90

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



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,870.23 1,882.34 1,889.41 1,899.90 1,902.12 1,909.60 1,950.96
Change (%) -1.56% -0.92% -0.55% - +0.12% +0.51% +2.69%
Change -29.67 -17.56 -10.49 - +2.22 +9.70 +51.06
Level Intermediate Minor Minor - Minor Major 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
Standard1,894.751,898.441,903.281,906.971,911.811,915.501,920.34
Camarilla1,905.781,906.571,907.351,908.131,908.911,909.691,910.48
Woodie1,895.341,898.731,903.871,907.261,912.401,915.791,920.93
Fibonacci1,898.441,901.701,903.711,906.971,910.231,912.241,915.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,839.861,856.301,879.891,896.331,919.921,936.361,959.95
Camarilla1,892.481,896.151,899.821,903.491,907.161,910.831,914.50
Woodie1,843.451,858.091,883.481,898.121,923.511,938.151,963.54
Fibonacci1,856.301,871.591,881.041,896.331,911.621,921.071,936.36


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,665.261,715.681,811.911,862.331,958.562,008.982,105.21
Camarilla1,867.801,881.241,894.691,908.131,921.571,935.021,948.46
Woodie1,688.161,727.131,834.811,873.781,981.462,020.432,128.11
Fibonacci1,715.681,771.701,806.311,862.331,918.351,952.962,008.98

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 38.23
MACD (12,26,9): -0.0100
Directional Movement: -10.00
AROON (14): -57.14
DEMA (21): 1,908.32
Parabolic SAR (0,02-0,02-0,2): 1,894.59
Elder Ray (13): -4.29
Super Trend (3,10): 1,919.78
Zig ZAG (10): 1,900.16
VORTEX (21): 0.9100
Stochastique (14,3,5): 26.38
TEMA (21): 1,906.95
Williams %R (14): -80.44
Chande Momentum Oscillator (20): -10.57
Repulse (5,40,3): -0.4800
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.15
MA7: 1,897.47
MA20: 1,861.55
MA50: 1,796.15
MA100: 1,794.42
MAexp7: 1,906.26
MAexp20: 1,907.41
MAexp50: 1,905.00
MAexp100: 1,900.81
Price / MA7: +0.13%
Price / MA20: +2.06%
Price / MA50: +5.78%
Price / MA100: +5.88%
Price / MAexp7: -0.34%
Price / MAexp20: -0.40%
Price / MAexp50: -0.27%
Price / MAexp100: -0.05%

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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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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