GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

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

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 huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1,725.181,736.281,745.361,756.461,765.541,776.641,785.72
Camarilla1,748.891,750.741,752.591,754.441,756.291,758.141,759.99
Woodie1,724.171,735.781,744.351,755.961,764.531,776.141,784.71
Fibonacci1,736.281,743.991,748.751,756.461,764.171,768.931,776.64


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,666.871,706.101,730.271,769.501,793.671,832.901,857.07
Camarilla1,737.011,742.821,748.631,754.441,760.251,766.061,771.88
Woodie1,659.341,702.341,722.741,765.741,786.141,829.141,849.54
Fibonacci1,706.101,730.321,745.281,769.501,793.721,808.681,832.90


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,495.031,565.831,690.201,761.001,885.371,956.172,080.54
Camarilla1,760.911,778.801,796.691,814.581,832.471,850.361,868.25
Woodie1,521.831,579.221,717.001,774.391,912.171,969.562,107.34
Fibonacci1,565.831,640.381,686.441,761.001,835.551,881.611,956.17

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 - Gold & Silver Spot

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

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