GOLD - USD - 1H - Technical analysis published on 10/13/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,766.98 USD
My targets
1,778.85 USD (+0.41%)
1,829.56 USD (+3.27%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,766.98 USD. The next resistance located at 1,778.85 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,829.56 USD. After this resistance, buyers could then target 1,870.52 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,771.67 USD. On the day, this instrument gained +0.64% and was traded between 1,759.51 USD and 1,773.50 USD over the period. The price is currently at +0.69% from its lowest and -0.10% from its highest.1,759.51
1,773.50
1,771.67
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Technical
A technical analysis in 1H of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1,760.35 | 1,766.98 | 1,770.55 | 1,771.67 | 1,778.85 | 1,829.56 | 1,870.52 |
| Change (%) | -0.64% | -0.26% | -0.06% | - | +0.41% | +3.27% | +5.58% |
| Change | -11.32 | -4.69 | -1.12 | - | +7.18 | +57.89 | +98.85 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,737.72 | 1,745.85 | 1,753.14 | 1,761.27 | 1,768.56 | 1,776.69 | 1,783.98 |
| Camarilla | 1,756.18 | 1,757.59 | 1,759.01 | 1,760.42 | 1,761.83 | 1,763.25 | 1,764.66 |
| Woodie | 1,737.29 | 1,745.64 | 1,752.71 | 1,761.06 | 1,768.13 | 1,776.48 | 1,783.55 |
| Fibonacci | 1,745.85 | 1,751.74 | 1,755.38 | 1,761.27 | 1,767.16 | 1,770.80 | 1,776.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,706.19 | 1,726.05 | 1,741.63 | 1,761.49 | 1,777.07 | 1,796.93 | 1,812.51 |
| Camarilla | 1,747.45 | 1,750.70 | 1,753.95 | 1,757.20 | 1,760.45 | 1,763.70 | 1,766.95 |
| Woodie | 1,704.04 | 1,724.98 | 1,739.48 | 1,760.42 | 1,774.92 | 1,795.86 | 1,810.36 |
| Fibonacci | 1,726.05 | 1,739.59 | 1,747.96 | 1,761.49 | 1,775.03 | 1,783.40 | 1,796.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,592.82 | 1,657.23 | 1,705.18 | 1,769.59 | 1,817.54 | 1,881.95 | 1,929.90 |
| Camarilla | 1,722.22 | 1,732.52 | 1,742.82 | 1,753.12 | 1,763.42 | 1,773.72 | 1,784.02 |
| Woodie | 1,584.58 | 1,653.12 | 1,696.94 | 1,765.48 | 1,809.30 | 1,877.84 | 1,921.66 |
| Fibonacci | 1,657.23 | 1,700.16 | 1,726.67 | 1,769.59 | 1,812.52 | 1,839.03 | 1,881.95 |
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): | 68.22 | |
| MACD (12,26,9): | 2.7900 | |
| Directional Movement: | 22.19 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1,767.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,760.43 | |
| Elder Ray (13): | 6.31 | |
| Super Trend (3,10): | 1,762.55 | |
| Zig ZAG (10): | 1,771.87 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 91.08 | |
| TEMA (21): | 1,769.07 | |
| Williams %R (14): | -15.21 | |
| Chande Momentum Oscillator (20): | 10.99 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.78 |
| MA7: | 1,760.12 | |
| MA20: | 1,756.59 | |
| MA50: | 1,776.69 | |
| MA100: | 1,800.27 | |
| MAexp7: | 1,767.99 | |
| MAexp20: | 1,764.25 | |
| MAexp50: | 1,761.24 | |
| MAexp100: | 1,759.47 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.69% |
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 October 13, 2021
-
Gold Technical Analysis for October 13, 2021 by FXEmpire
-
Gold and AUD/USD Forecast October 12, 2021
-
Gold Technical Analysis for October 12, 2021 by FXEmpire
-
Gold and AUD/USD Forecast October 11, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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