GOLD - USD - 1H - Technical analysis published on 07/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 1,820.30 USD
My targets
1,834.17 USD (+0.36%)
1,869.90 USD (+2.32%)
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 1,820.30 USD. The buyers' bullish objective is set at 1,834.17 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,869.90 USD. If there is any crossing, the next objective would be the resistance located at 1,909.60 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by shravanvuppala. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,827.55 USD. The price is lower by -0.11% since the last closing and was between 1,825.72 USD and 1,831.64 USD. This implies that the price is at +0.10% from its lowest and at -0.22% from its highest.1,825.72
1,831.64
1,827.55
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:
Technical
Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,794.24 | 1,812.57 | 1,820.30 | 1,827.55 | 1,827.86 | 1,834.17 | 1,869.90 |
Change (%) | -1.82% | -0.82% | -0.40% | - | +0.02% | +0.36% | +2.32% |
Change | -33.31 | -14.98 | -7.25 | - | +0.31 | +6.62 | +42.35 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 | 1,807.97 | 1,814.13 | 1,821.84 | 1,828.00 | 1,835.71 | 1,841.87 | 1,849.58 |
Camarilla | 1,825.73 | 1,827.00 | 1,828.27 | 1,829.54 | 1,830.81 | 1,832.08 | 1,833.35 |
Woodie | 1,808.74 | 1,814.52 | 1,822.61 | 1,828.39 | 1,836.48 | 1,842.26 | 1,850.35 |
Fibonacci | 1,814.13 | 1,819.43 | 1,822.71 | 1,828.00 | 1,833.30 | 1,836.58 | 1,841.87 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,755.02 | 1,769.74 | 1,789.00 | 1,803.72 | 1,822.98 | 1,837.70 | 1,856.96 |
Camarilla | 1,798.91 | 1,802.02 | 1,805.14 | 1,808.25 | 1,811.37 | 1,814.48 | 1,817.60 |
Woodie | 1,757.28 | 1,770.88 | 1,791.26 | 1,804.86 | 1,825.24 | 1,838.84 | 1,859.22 |
Fibonacci | 1,769.74 | 1,782.72 | 1,790.74 | 1,803.72 | 1,816.70 | 1,824.72 | 1,837.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,541.36 | 1,646.08 | 1,707.17 | 1,811.89 | 1,872.98 | 1,977.70 | 2,038.79 |
Camarilla | 1,722.66 | 1,737.86 | 1,753.06 | 1,768.26 | 1,783.46 | 1,798.66 | 1,813.86 |
Woodie | 1,519.55 | 1,635.17 | 1,685.36 | 1,800.98 | 1,851.17 | 1,966.79 | 2,016.98 |
Fibonacci | 1,646.08 | 1,709.42 | 1,748.55 | 1,811.89 | 1,875.23 | 1,914.36 | 1,977.70 |
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): | 53.04 | |
MACD (12,26,9): | 1.0600 | |
Directional Movement: | 6.20 | |
AROON (14): | 57.14 | |
DEMA (21): | 1,829.23 | |
Parabolic SAR (0,02-0,02-0,2): | 1,824.31 | |
Elder Ray (13): | -0.02 | |
Super Trend (3,10): | 1,835.59 | |
Zig ZAG (10): | 1,827.90 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 56.18 | |
TEMA (21): | 1,827.96 | |
Williams %R (14): | -39.37 | |
Chande Momentum Oscillator (20): | 1.90 | |
Repulse (5,40,3): | -0.1500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.20 |
MA7: | 1,815.56 | |
MA20: | 1,793.31 | |
MA50: | 1,837.55 | |
MA100: | 1,791.98 | |
MAexp7: | 1,827.90 | |
MAexp20: | 1,827.52 | |
MAexp50: | 1,823.71 | |
MAexp100: | 1,817.83 | |
Price / MA7: | +0.66% | |
Price / MA20: | +1.91% | |
Price / MA50: | -0.54% | |
Price / MA100: | +1.98% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.00% | |
Price / MAexp50: | +0.21% | |
Price / MAexp100: | +0.54% |
Quotes :
-
Real time data
-
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:
- Gold and AUD/USD Forecast July 16, 2021
- Gold Technical Analysis for July 16, 2021 by FXEmpire
- Gold and AUD/USD Forecast July 15, 2021
- Gold Technical Analysis for July 15, 2021 by FXEmpire
- “Buzz on the Street” Show: Falcon Gold (OTC: FGLDF) (TSX-V: FG) Acquires Strategic Land Position
This member declared not having a position on this financial instrument or a related financial instrument.
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