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 06/10/2021 (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: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,887.54 USD
My targets
1,903.64 USD (+0.49%)
1,909.60 USD (+0.81%)
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 1,887.54 USD. The buyers' bullish objective is set at 1,903.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,909.60 USD. If there is any crossing, the next objective would be the resistance located at 1,916.61 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

This analysis was given by mmoussawi. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

The GOLD - USD rating is 1,894.30 USD. The price registered an increase of +0.30% on the session and was traded between 1,869.92 USD and 1,895.14 USD over the period. The price is currently at +1.30% from its lowest and -0.04% from its highest.

1,869.92
1,895.14
1,894.30

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong 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.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,869.52 1,874.68 1,887.54 1,894.30 1,896.30 1,903.64 1,909.60
Change (%) -1.31% -1.04% -0.36% - +0.11% +0.49% +0.81%
Change -24.78 -19.62 -6.76 - +2.00 +9.34 +15.30
Level Intermediate Minor Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,872.721,880.031,884.361,891.671,896.001,903.311,907.64
Camarilla1,885.501,886.571,887.631,888.701,889.771,890.831,891.90
Woodie1,871.241,879.291,882.881,890.931,894.521,902.571,906.16
Fibonacci1,880.031,884.471,887.221,891.671,896.111,898.861,903.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,798.661,827.331,859.281,887.951,919.901,948.571,980.52
Camarilla1,874.571,880.131,885.681,891.241,896.801,902.351,907.91
Woodie1,800.311,828.151,860.931,888.771,921.551,949.391,982.17
Fibonacci1,827.331,850.481,864.791,887.951,911.101,925.411,948.57


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 59.80
MACD (12,26,9): 0.5900
Directional Movement: 5.79
AROON (14): 28.57
DEMA (21): 1,888.09
Parabolic SAR (0,02-0,02-0,2): 1,874.08
Elder Ray (13): 5.62
Super Trend (3,10): 1,878.61
Zig ZAG (10): 1,894.32
VORTEX (21): 1.0500
Stochastique (14,3,5): 97.09
TEMA (21): 1,889.89
Williams %R (14): -2.85
Chande Momentum Oscillator (20): 9.90
Repulse (5,40,3): 0.2600
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.31
MA7: 1,892.22
MA20: 1,886.46
MA50: 1,820.54
MA100: 1,797.58
MAexp7: 1,890.53
MAexp20: 1,888.01
MAexp50: 1,888.97
MAexp100: 1,890.00
Price / MA7: +0.11%
Price / MA20: +0.42%
Price / MA50: +4.05%
Price / MA100: +5.38%
Price / MAexp7: +0.20%
Price / MAexp20: +0.33%
Price / MAexp50: +0.28%
Price / MAexp100: +0.23%

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.

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