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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 1,761.50 USD
My targets
1,745.33 USD (-0.53%)
1,727.04 USD (-1.57%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,761.50 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,745.33 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,727.04 USD as an objective. Crossing it would then enable sellers to target 1,683.99 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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This analysis was given by francisco99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,754.59 USD. The price has increased by +0.04% since the last closing and was traded between 1,747.38 USD and 1,767.56 USD over the period. The price is currently at +0.41% from its lowest and -0.73% from its highest.1,747.38
1,767.56
1,754.59
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GOLD - USD in 1H shows a overall strongly 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,727.04 | 1,745.33 | 1,751.56 | 1,754.59 | 1,761.50 | 1,783.88 | 1,794.42 |
| Change (%) | -1.57% | -0.53% | -0.17% | - | +0.39% | +1.67% | +2.27% |
| Change | -27.55 | -9.26 | -3.03 | - | +6.91 | +29.29 | +39.83 |
| Level | Intermediate | Major | Minor | - | Minor | Major | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.36 | |
| MACD (12,26,9): | -4.1000 | |
| Directional Movement: | -16.96 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 1,753.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,764.23 | |
| Elder Ray (13): | -4.16 | |
| Super Trend (3,10): | 1,766.38 | |
| Zig ZAG (10): | 1,752.87 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 18.40 | |
| TEMA (21): | 1,754.57 | |
| Williams %R (14): | -72.60 | |
| Chande Momentum Oscillator (20): | -5.26 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1,783.18 | |
| MA20: | 1,798.96 | |
| MA50: | 1,796.26 | |
| MA100: | 1,815.98 | |
| MAexp7: | 1,755.39 | |
| MAexp20: | 1,759.05 | |
| MAexp50: | 1,768.77 | |
| MAexp100: | 1,778.57 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -2.47% | |
| Price / MA50: | -2.32% | |
| Price / MA100: | -3.38% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -1.35% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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Forex News: 17/09/2021 - Dollar jumps, gold slumps, stocks nervous
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Gold and AUD/USD Forecast September 17, 2021
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Gold Technical Analysis for September 16, 2021 by FXEmpire
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“Buzz on the Street” Show: Clarity Gold (OTC: CLGCF) (CSE: CLAR) Deep Gold Mineralization
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Gold and AUD/USD Forecast September 16, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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