GOLD - USD - 1H - Technical analysis published on 06/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1,896.30 USD
My targets
1,869.90 USD (-0.88%)
1,855.99 USD (-1.61%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,896.30 USD. The next support located at 1,869.90 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,855.99 USD. Below this support, sellers could then target 1,827.86 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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 1,886.43 USD. On the day, this instrument lost -0.63% and was traded between 1,884.82 USD and 1,903.05 USD over the period. The price is currently at +0.09% from its lowest and -0.87% from its highest.1,884.82
1,903.05
1,886.43
A study of price movements over other periods shows the following variations:
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 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,855.99 | 1,869.90 | 1,883.80 | 1,886.43 | 1,896.30 | 1,903.65 | 1,909.60 |
| Change (%) | -1.61% | -0.88% | -0.14% | - | +0.52% | +0.91% | +1.23% |
| Change | -30.44 | -16.53 | -2.63 | - | +9.87 | +17.22 | +23.17 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,848.86 | 1,859.39 | 1,878.90 | 1,889.43 | 1,908.94 | 1,919.47 | 1,938.98 |
| Camarilla | 1,890.15 | 1,892.90 | 1,895.66 | 1,898.41 | 1,901.16 | 1,903.92 | 1,906.67 |
| Woodie | 1,853.35 | 1,861.64 | 1,883.39 | 1,891.68 | 1,913.43 | 1,921.72 | 1,943.47 |
| Fibonacci | 1,859.39 | 1,870.87 | 1,877.96 | 1,889.43 | 1,900.91 | 1,908.00 | 1,919.47 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.29 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -14.63 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,895.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,901.09 | |
| Elder Ray (13): | -5.80 | |
| Super Trend (3,10): | 1,900.72 | |
| Zig ZAG (10): | 1,886.79 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 12.89 | |
| TEMA (21): | 1,893.57 | |
| Williams %R (14): | -91.83 | |
| Chande Momentum Oscillator (20): | -13.46 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1,889.78 | |
| MA20: | 1,888.90 | |
| MA50: | 1,823.81 | |
| MA100: | 1,797.81 | |
| MAexp7: | 1,892.30 | |
| MAexp20: | 1,894.41 | |
| MAexp50: | 1,892.98 | |
| MAexp100: | 1,892.14 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +3.43% | |
| Price / MA100: | +4.93% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.31% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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