GOLD - USD - 1H - Technical analysis published on 06/10/2021 (GMT)
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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 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
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This analysis was given by mmoussawi. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,872.72 | 1,880.03 | 1,884.36 | 1,891.67 | 1,896.00 | 1,903.31 | 1,907.64 |
Camarilla | 1,885.50 | 1,886.57 | 1,887.63 | 1,888.70 | 1,889.77 | 1,890.83 | 1,891.90 |
Woodie | 1,871.24 | 1,879.29 | 1,882.88 | 1,890.93 | 1,894.52 | 1,902.57 | 1,906.16 |
Fibonacci | 1,880.03 | 1,884.47 | 1,887.22 | 1,891.67 | 1,896.11 | 1,898.86 | 1,903.31 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,798.66 | 1,827.33 | 1,859.28 | 1,887.95 | 1,919.90 | 1,948.57 | 1,980.52 |
Camarilla | 1,874.57 | 1,880.13 | 1,885.68 | 1,891.24 | 1,896.80 | 1,902.35 | 1,907.91 |
Woodie | 1,800.31 | 1,828.15 | 1,860.93 | 1,888.77 | 1,921.55 | 1,949.39 | 1,982.17 |
Fibonacci | 1,827.33 | 1,850.48 | 1,864.79 | 1,887.95 | 1,911.10 | 1,925.41 | 1,948.57 |
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 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
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Gold Technical Analysis for June 11, 2021 by FXEmpire
- Gold and USD/ZAR Forecast June 10, 2021
- Gold Technical Analysis for June 10, 2021 by FXEmpire
- Gold could hit $2,200 in 12 months: Serge Berger
- Gold and AUD/USD Forecast June 9, 2021
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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