GOLD - USD - 1H - Technical analysis published on 06/04/2021 (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 bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,882.34 USD
My targets
1,909.60 USD (+0.86%)
1,950.96 USD (+3.05%)
My analysis
The current short-term bullish acceleration on GOLD - USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1,882.34 USD. Short-term buyers will use the resistance located at 1,909.60 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1,950.96 USD. Crossing this resistance would then open the door for buyers to target 1,972.66 USD. Caution, if there is a return to under 1,882.34 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.6
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This analysis was given by mmoussawi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,893.23 USD. On the day, this instrument gained +1.19% with the lowest point at 1,855.99 USD and the highest point at 1,896.26 USD. The deviation from the price is +2.01% for the low point and -0.16% for the high point.1,855.99
1,896.26
1,893.23
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD - USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,869.52 | 1,882.34 | 1,892.35 | 1,893.23 | 1,909.60 | 1,950.96 | 1,972.66 |
| Change (%) | -1.25% | -0.58% | -0.05% | - | +0.86% | +3.05% | +4.20% |
| Change | -23.71 | -10.89 | -0.88 | - | +16.37 | +57.73 | +79.43 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,810.08 | 1,837.73 | 1,854.38 | 1,882.03 | 1,898.68 | 1,926.33 | 1,942.98 |
| Camarilla | 1,858.84 | 1,862.90 | 1,866.96 | 1,871.02 | 1,875.08 | 1,879.14 | 1,883.20 |
| Woodie | 1,804.57 | 1,834.98 | 1,848.87 | 1,879.28 | 1,893.17 | 1,923.58 | 1,937.47 |
| Fibonacci | 1,837.73 | 1,854.66 | 1,865.11 | 1,882.03 | 1,898.96 | 1,909.41 | 1,926.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,839.86 | 1,856.30 | 1,879.89 | 1,896.33 | 1,919.92 | 1,936.36 | 1,959.95 |
| Camarilla | 1,892.48 | 1,896.15 | 1,899.82 | 1,903.49 | 1,907.16 | 1,910.83 | 1,914.50 |
| Woodie | 1,843.45 | 1,858.09 | 1,883.48 | 1,898.12 | 1,923.51 | 1,938.15 | 1,963.54 |
| Fibonacci | 1,856.30 | 1,871.59 | 1,881.04 | 1,896.33 | 1,911.62 | 1,921.07 | 1,936.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,665.26 | 1,715.68 | 1,811.91 | 1,862.33 | 1,958.56 | 2,008.98 | 2,105.21 |
| Camarilla | 1,867.80 | 1,881.24 | 1,894.69 | 1,908.13 | 1,921.57 | 1,935.02 | 1,948.46 |
| Woodie | 1,688.16 | 1,727.13 | 1,834.81 | 1,873.78 | 1,981.46 | 2,020.43 | 2,128.11 |
| Fibonacci | 1,715.68 | 1,771.70 | 1,806.31 | 1,862.33 | 1,918.35 | 1,952.96 | 2,008.98 |
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): | 65.67 | |
| MACD (12,26,9): | 1.5000 | |
| Directional Movement: | 15.62 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,878.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,870.13 | |
| Elder Ray (13): | 13.32 | |
| Super Trend (3,10): | 1,876.97 | |
| Zig ZAG (10): | 1,892.38 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 94.46 | |
| TEMA (21): | 1,884.84 | |
| Williams %R (14): | -9.24 | |
| Chande Momentum Oscillator (20): | 22.77 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.59 |
| MA7: | 1,897.14 | |
| MA20: | 1,873.51 | |
| MA50: | 1,805.83 | |
| MA100: | 1,795.61 | |
| MAexp7: | 1,884.73 | |
| MAexp20: | 1,878.77 | |
| MAexp50: | 1,883.54 | |
| MAexp100: | 1,889.46 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +4.84% | |
| Price / MA100: | +5.44% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.20% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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