GOLD - USD - 1H - Technical analysis published on 06/17/2021 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1,803.50 USD
My targets
1,748.55 USD (-1.75%)
1,683.99 USD (-5.37%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,803.50 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,748.55 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,683.99 USD as an objective. Crossing it would then enable sellers to target 1,471.86 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 1,779.64 USD. The price is lower by -2.16% since the last closing with the lowest point at 1,767.21 USD and the highest point at 1,825.37 USD. The deviation from the price is +0.70% for the low point and -2.51% for the high point.1,767.21
1,825.37
1,779.64
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD - USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1,683.99 | 1,748.55 | 1,778.85 | 1,779.64 | 1,803.50 | 1,851.64 | 1,870.38 |
| Change (%) | -5.37% | -1.75% | -0.04% | - | +1.34% | +4.05% | +5.10% |
| Change | -95.65 | -31.09 | -0.79 | - | +23.86 | +72.00 | +90.74 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,733.76 | 1,768.63 | 1,793.76 | 1,828.63 | 1,853.76 | 1,888.63 | 1,913.76 |
| Camarilla | 1,802.39 | 1,807.89 | 1,813.39 | 1,818.89 | 1,824.39 | 1,829.89 | 1,835.39 |
| Woodie | 1,728.89 | 1,766.20 | 1,788.89 | 1,826.20 | 1,848.89 | 1,886.20 | 1,908.89 |
| Fibonacci | 1,768.63 | 1,791.55 | 1,805.71 | 1,828.63 | 1,851.55 | 1,865.71 | 1,888.63 |
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): | 26.18 | |
| MACD (12,26,9): | -16.6300 | |
| Directional Movement: | -31.05 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,777.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,786.80 | |
| Elder Ray (13): | -9.73 | |
| Super Trend (3,10): | 1,799.92 | |
| Zig ZAG (10): | 1,779.94 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 16.77 | |
| TEMA (21): | 1,770.98 | |
| Williams %R (14): | -76.94 | |
| Chande Momentum Oscillator (20): | -35.52 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.29 |
| MA7: | 1,855.53 | |
| MA20: | 1,880.61 | |
| MA50: | 1,830.80 | |
| MA100: | 1,796.91 | |
| MAexp7: | 1,781.64 | |
| MAexp20: | 1,798.57 | |
| MAexp50: | 1,822.84 | |
| MAexp100: | 1,842.44 | |
| Price / MA7: | -4.09% | |
| Price / MA20: | -5.37% | |
| Price / MA50: | -2.79% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | -2.37% | |
| Price / MAexp100: | -3.41% |
Quotes :
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Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
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Gold Technical Analysis for June 18, 2021 by FXEmpire
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Forex News: 17/06/2021 - Fed bombshell turbocharges dollar, sinks gold and stocks
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Gold Forecast June 17, 2021
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“Buzz on the Street” Show: Clarity Gold (OTC: CLGCF) (CSE: CLAR) Diamond Drill Program Results
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Gold Technical Analysis for June 17, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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