GOLD - USD - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 1,802.44 USD
My targets
1,783.88 USD (-0.71%)
1,761.50 USD (-1.95%)
My analysis
The current short-term bearish acceleration registered on GOLD - USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 1,802.44 USD. Short-term sellers will use the support located at 1,783.88 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 1,761.50 USD. Crossing this support would then open the door for sellers to target 1,727.04 USD. Caution, if there is a return to below 1,802.44 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,796.57 USD. On the day, this instrument lost -0.40% and was between 1,793.93 USD and 1,806.94 USD. This implies that the price is at +0.15% from its lowest and at -0.57% from its highest.1,793.93
1,806.94
1,796.57
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
A technical analysis in 1H of this GOLD - USD chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,761.50 | 1,783.88 | 1,793.96 | 1,796.57 | 1,798.41 | 1,802.44 | 1,808.73 |
| Change (%) | -1.95% | -0.71% | -0.15% | - | +0.10% | +0.33% | +0.68% |
| Change | -35.07 | -12.69 | -2.61 | - | +1.84 | +5.87 | +12.16 |
| Level | Minor | Major | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,758.77 | 1,769.74 | 1,786.78 | 1,797.75 | 1,814.79 | 1,825.76 | 1,842.80 |
| Camarilla | 1,796.11 | 1,798.68 | 1,801.24 | 1,803.81 | 1,806.38 | 1,808.95 | 1,811.51 |
| Woodie | 1,761.80 | 1,771.26 | 1,789.81 | 1,799.27 | 1,817.82 | 1,827.28 | 1,845.83 |
| Fibonacci | 1,769.74 | 1,780.44 | 1,787.05 | 1,797.75 | 1,808.45 | 1,815.06 | 1,825.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,722.06 | 1,752.25 | 1,769.92 | 1,800.11 | 1,817.78 | 1,847.97 | 1,865.64 |
| Camarilla | 1,774.42 | 1,778.81 | 1,783.19 | 1,787.58 | 1,791.97 | 1,796.35 | 1,800.74 |
| Woodie | 1,715.79 | 1,749.12 | 1,763.65 | 1,796.98 | 1,811.51 | 1,844.84 | 1,859.37 |
| Fibonacci | 1,752.25 | 1,770.54 | 1,781.83 | 1,800.11 | 1,818.40 | 1,829.69 | 1,847.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,495.03 | 1,565.83 | 1,690.20 | 1,761.00 | 1,885.37 | 1,956.17 | 2,080.54 |
| Camarilla | 1,760.91 | 1,778.80 | 1,796.69 | 1,814.58 | 1,832.47 | 1,850.36 | 1,868.25 |
| Woodie | 1,521.83 | 1,579.22 | 1,717.00 | 1,774.39 | 1,912.17 | 1,969.56 | 2,107.34 |
| Fibonacci | 1,565.83 | 1,640.38 | 1,686.44 | 1,761.00 | 1,835.55 | 1,881.61 | 1,956.17 |
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): | 40.79 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | -11.57 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 1,801.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,806.94 | |
| Elder Ray (13): | -4.07 | |
| Super Trend (3,10): | 1,794.55 | |
| Zig ZAG (10): | 1,797.10 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 21.06 | |
| TEMA (21): | 1,799.49 | |
| Williams %R (14): | -79.48 | |
| Chande Momentum Oscillator (20): | -5.83 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 1,794.51 | |
| MA20: | 1,801.59 | |
| MA50: | 1,798.36 | |
| MA100: | 1,816.33 | |
| MAexp7: | 1,798.78 | |
| MAexp20: | 1,800.10 | |
| MAexp50: | 1,798.26 | |
| MAexp100: | 1,797.70 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.06% |
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:
-
Gold and AUD/USD Forecast September 15, 2021
-
Gold Technical Analysis for September 15, 2021 by FXEmpire
-
“Buzz on the Street” Show: Clarity Gold (OTC: CLGCF) (CSE: CLAR) Mobilizes Crew to Empirical Project
-
Gold and AUD/USD Forecast September 14, 2021
-
Gold and AUDUSD Forecast September 13, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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