GOLD - USD - 1H - Technical analysis published on 06/15/2021 (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:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 1,869.90 USD
My targets
1,855.99 USD (-0.49%)
1,844.71 USD (-1.09%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 1,869.90 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,855.99 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,844.71 USD as an objective. Crossing it would then enable sellers to target 1,827.86 USD. If the resistance 1,869.90 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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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 1,865.12 USD. On the day, this instrument lost -0.09% and was between 1,858.69 USD and 1,869.20 USD. This implies that the price is at +0.35% from its lowest and at -0.22% from its highest.1,858.69
1,869.20
1,865.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 this 1H chart of GOLD - USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,827.86 | 1,844.71 | 1,855.99 | 1,865.12 | 1,869.90 | 1,883.80 | 1,896.30 |
| Change (%) | -2.00% | -1.09% | -0.49% | - | +0.26% | +1.00% | +1.67% |
| Change | -37.26 | -20.41 | -9.13 | - | +4.78 | +18.68 | +31.18 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,815.15 | 1,829.93 | 1,848.40 | 1,863.18 | 1,881.65 | 1,896.43 | 1,914.90 |
| Camarilla | 1,857.73 | 1,860.77 | 1,863.82 | 1,866.87 | 1,869.92 | 1,872.97 | 1,876.01 |
| Woodie | 1,817.00 | 1,830.85 | 1,850.25 | 1,864.10 | 1,883.50 | 1,897.35 | 1,916.75 |
| Fibonacci | 1,829.93 | 1,842.63 | 1,850.48 | 1,863.18 | 1,875.88 | 1,883.73 | 1,896.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,829.95 | 1,849.93 | 1,863.80 | 1,883.78 | 1,897.65 | 1,917.63 | 1,931.50 |
| Camarilla | 1,868.35 | 1,871.45 | 1,874.56 | 1,877.66 | 1,880.76 | 1,883.87 | 1,886.97 |
| Woodie | 1,826.89 | 1,848.40 | 1,860.74 | 1,882.25 | 1,894.59 | 1,916.10 | 1,928.44 |
| Fibonacci | 1,849.93 | 1,862.86 | 1,870.85 | 1,883.78 | 1,896.71 | 1,904.70 | 1,917.63 |
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): | 48.49 | |
| MACD (12,26,9): | -0.7700 | |
| Directional Movement: | -2.10 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1,863.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,859.60 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 1,856.24 | |
| Zig ZAG (10): | 1,866.07 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 61.02 | |
| TEMA (21): | 1,865.81 | |
| Williams %R (14): | -30.73 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1,884.16 | |
| MA20: | 1,888.02 | |
| MA50: | 1,828.78 | |
| MA100: | 1,797.91 | |
| MAexp7: | 1,864.67 | |
| MAexp20: | 1,864.83 | |
| MAexp50: | 1,869.32 | |
| MAexp100: | 1,876.03 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | +3.74% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.58% |
Quotes :
-
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:
-
Market Sentiment Data Negative for CHF, Neutral for CAD, Gold | Webinar
-
Dow and S&P 500 Diverge Ahead of FOMC, Dollar Holds as Gold and Yields Slide
-
Gold and USD/INR Forecast June 15, 2021
-
Will Gold manage to recover? - with Walid Koudmani
-
Gold Technical Analysis for June 15, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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