GOLD - USD - 1H - Technical analysis published on 09/17/2021 (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
61%
6%
33%
My opinion
Bearish under 1,783.88 USD
My targets
1,751.56 USD (-0.81%)
1,745.33 USD (-1.16%)
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 1,783.88 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,751.56 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 1,745.33 USD as an objective. Crossing it would then enable sellers to target 1,727.04 USD. If the resistance 1,783.88 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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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 1,765.81 USD. The price registered an increase of +0.68% on the session with the lowest point at 1,753.87 USD and the highest point at 1,766.94 USD. The deviation from the price is +0.68% for the low point and -0.06% for the high point.1,753.87
1,766.94
1,765.81
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GOLD - USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
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 | 1,745.33 | 1,751.56 | 1,761.50 | 1,765.81 | 1,783.88 | 1,794.42 | 1,804.08 |
| Change (%) | -1.16% | -0.81% | -0.24% | - | +1.02% | +1.62% | +2.17% |
| Change | -20.48 | -14.25 | -4.31 | - | +18.07 | +28.61 | +38.27 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
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 | 1,683.20 | 1,714.26 | 1,734.10 | 1,765.16 | 1,785.00 | 1,816.06 | 1,835.90 |
| Camarilla | 1,739.93 | 1,744.60 | 1,749.26 | 1,753.93 | 1,758.60 | 1,763.26 | 1,767.93 |
| Woodie | 1,677.58 | 1,711.46 | 1,728.48 | 1,762.36 | 1,779.38 | 1,813.26 | 1,830.28 |
| Fibonacci | 1,714.26 | 1,733.71 | 1,745.72 | 1,765.16 | 1,784.61 | 1,796.62 | 1,816.06 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.05 | |
| MACD (12,26,9): | -3.8500 | |
| Directional Movement: | -3.92 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1,755.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,755.97 | |
| Elder Ray (13): | 2.72 | |
| Super Trend (3,10): | 1,752.72 | |
| Zig ZAG (10): | 1,766.01 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 89.46 | |
| TEMA (21): | 1,760.63 | |
| Williams %R (14): | -3.12 | |
| Chande Momentum Oscillator (20): | 13.84 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.86 |
| MA7: | 1,784.89 | |
| MA20: | 1,799.49 | |
| MA50: | 1,796.49 | |
| MA100: | 1,816.09 | |
| MAexp7: | 1,762.76 | |
| MAexp20: | 1,762.38 | |
| MAexp50: | 1,772.80 | |
| MAexp100: | 1,781.92 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | -2.77% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.90% |
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:
-
Gold and AUD/USD Forecast September 17, 2021
-
Gold Technical Analysis for September 16, 2021 by FXEmpire
-
“Buzz on the Street” Show: Clarity Gold (OTC: CLGCF) (CSE: CLAR) Deep Gold Mineralization
-
Gold and AUD/USD Forecast September 16, 2021
-
Gold Technical Analysis for September 16, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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