GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 07/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

22%

39%

My opinion

Bearish under 1,827.86 USD

My targets

1,779.43 USD (-0.97%)

1,732.03 USD (-3.61%)

My analysis

There is a bearish trend on GOLD - USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1,827.86 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1,779.43 USD. Then the price could move towards 1,732.03 USD. Then 1,683.99 USD by extension. Be careful, a return to above the resistance 1,827.86 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 1,796.90 USD. The price registered a decrease of -0.32% on the session and was between 1,792.77 USD and 1,803.45 USD. This implies that the price is at +0.23% from its lowest and at -0.36% from its highest.

1,792.77

1,803.45

1,796.90

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,683.99	1,732.03	1,779.43	1,796.90	1,827.86	1,869.90	1,909.60
Change (%)	-6.28%	-3.61%	-0.97%	-	+1.72%	+4.06%	+6.27%
Change	-112.91	-64.87	-17.47	-	+30.96	+73.00	+112.70
Level	Major	Minor	Intermediate	-	Intermediate	Minor	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	1,774.64	1,784.71	1,793.70	1,803.77	1,812.76	1,822.83	1,831.82
Camarilla	1,797.46	1,799.21	1,800.95	1,802.70	1,804.45	1,806.19	1,807.94
Woodie	1,774.11	1,784.44	1,793.17	1,803.50	1,812.23	1,822.56	1,831.29
Fibonacci	1,784.71	1,791.99	1,796.49	1,803.77	1,811.05	1,815.55	1,822.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,748.69	1,770.19	1,791.18	1,812.68	1,833.67	1,855.17	1,876.16
Camarilla	1,800.50	1,804.39	1,808.29	1,812.18	1,816.08	1,819.97	1,823.87
Woodie	1,748.45	1,770.06	1,790.94	1,812.55	1,833.43	1,855.04	1,875.92
Fibonacci	1,770.19	1,786.42	1,796.45	1,812.68	1,828.91	1,838.94	1,855.17

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.04
MACD (12,26,9):	-2.9200
Directional Movement:	-5.31
AROON (14):	64.29
DEMA (21):	1,801.32
Parabolic SAR (0,02-0,02-0,2):	1,833.38
Elder Ray (13):	-8.10
Super Trend (3,10):	1,839.47
Zig ZAG (10):	1,797.21
VORTEX (21):	1.0500
Stochastique (14,3,5):	46.11
TEMA (21):	1,804.61
Williams %R (14):	-73.88
Chande Momentum Oscillator (20):	1.97
Repulse (5,40,3):	-0.6300
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	3.20

MA7:	1,812.81
MA20:	1,797.91
MA50:	1,835.37
MA100:	1,794.97
MAexp7:	1,806.54
MAexp20:	1,807.27
MAexp50:	1,813.05
MAexp100:	1,814.75
Price / MA7:	-0.88%
Price / MA20:	-0.06%
Price / MA50:	-2.10%
Price / MA100:	+0.11%
Price / MAexp7:	-0.53%
Price / MAexp20:	-0.57%
Price / MAexp50:	-0.89%
Price / MAexp100:	-0.98%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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