GOLD - USD - 1H - Technical analysis published on 09/20/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1,767.56 USD
My targets
1,751.56 USD (-0.33%)
1,745.33 USD (-0.68%)
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 1,767.56 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 1,767.56 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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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 1,757.30 USD. The price registered an increase of +0.16% on the session with the lowest point at 1,742.17 USD and the highest point at 1,758.34 USD. The deviation from the price is +0.87% for the low point and -0.06% for the high point.1,742.17
1,758.34
1,757.30
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 | 1,757.30 | 1,761.50 | 1,767.56 | 1,783.88 |
Change (%) | -1.72% | -0.68% | -0.33% | - | +0.24% | +0.58% | +1.51% |
Change | -30.26 | -11.97 | -5.74 | - | +4.20 | +10.26 | +26.58 |
Level | Minor | Major | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,725.18 | 1,736.28 | 1,745.36 | 1,756.46 | 1,765.54 | 1,776.64 | 1,785.72 |
Camarilla | 1,748.89 | 1,750.74 | 1,752.59 | 1,754.44 | 1,756.29 | 1,758.14 | 1,759.99 |
Woodie | 1,724.17 | 1,735.78 | 1,744.35 | 1,755.96 | 1,764.53 | 1,776.14 | 1,784.71 |
Fibonacci | 1,736.28 | 1,743.99 | 1,748.75 | 1,756.46 | 1,764.17 | 1,768.93 | 1,776.64 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,666.87 | 1,706.10 | 1,730.27 | 1,769.50 | 1,793.67 | 1,832.90 | 1,857.07 |
Camarilla | 1,737.01 | 1,742.82 | 1,748.63 | 1,754.44 | 1,760.25 | 1,766.06 | 1,771.88 |
Woodie | 1,659.34 | 1,702.34 | 1,722.74 | 1,765.74 | 1,786.14 | 1,829.14 | 1,849.54 |
Fibonacci | 1,706.10 | 1,730.32 | 1,745.28 | 1,769.50 | 1,793.72 | 1,808.68 | 1,832.90 |
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): | 49.67 | |
MACD (12,26,9): | -1.5000 | |
Directional Movement: | -5.95 | |
AROON (14): | 7.14 | |
DEMA (21): | 1,753.53 | |
Parabolic SAR (0,02-0,02-0,2): | 1,747.75 | |
Elder Ray (13): | -0.30 | |
Super Trend (3,10): | 1,787.34 | |
Zig ZAG (10): | 1,756.01 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 17.53 | |
TEMA (21): | 1,755.40 | |
Williams %R (14): | -79.94 | |
Chande Momentum Oscillator (20): | 2.52 | |
Repulse (5,40,3): | 0.4800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.29 |
MA7: | 1,777.85 | |
MA20: | 1,796.55 | |
MA50: | 1,795.25 | |
MA100: | 1,815.62 | |
MAexp7: | 1,754.87 | |
MAexp20: | 1,755.78 | |
MAexp50: | 1,761.73 | |
MAexp100: | 1,771.56 | |
Price / MA7: | -1.16% | |
Price / MA20: | -2.18% | |
Price / MA50: | -2.11% | |
Price / MA100: | -3.21% | |
Price / MAexp7: | +0.14% | |
Price / MAexp20: | +0.09% | |
Price / MAexp50: | -0.25% | |
Price / MAexp100: | -0.80% |
Quotes :
-
Real time data
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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 September 20, 2021
- Gold Technical Analysis for the Week of September 20, 2021 by FXEmpire
- Gold Technical Analysis for September 20, 2021 by FXEmpire
- Forex News: 17/09/2021 - Dollar jumps, gold slumps, stocks nervous
- Gold and AUD/USD Forecast September 17, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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