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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 10/15/2021 (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 bearish
Underlying: Slightly bullish
Technical indicators
17%
78%
6%
My opinion
Bearish under 1,786.68 USD
My targets
1,766.98 USD (-0.82%)
1,750.36 USD (-1.75%)
My analysis
The strong short-term decline in GOLD - USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1,786.68 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1,766.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,750.36 USD as an objective. Crossing it would then enable sellers to target 1,727.91 USD. Be careful, a return to above 1,786.68 USD could jeopardize the reversal.

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
2.3

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,781.50 USD. The price registered a decrease of -0.78% on the session and was between 1,780.87 USD and 1,796.52 USD. This implies that the price is at +0.04% from its lowest and at -0.84% from its highest.

1,780.87
1,796.52
1,781.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

Technical


Technical analysis of GOLD - USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 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


S3S2S1PriceR1R2R3
ProTrendLines 1,750.36 1,766.98 1,778.85 1,781.50 1,786.68 1,796.16 1,800.61
Change (%) -1.75% -0.82% -0.15% - +0.29% +0.82% +1.07%
Change -31.14 -14.52 -2.65 - +5.18 +14.66 +19.11
Level Intermediate Minor Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,773.931,780.311,787.861,794.241,801.791,808.171,815.72
Camarilla1,791.591,792.871,794.141,795.421,796.701,797.971,799.25
Woodie1,774.531,780.601,788.461,794.531,802.391,808.461,816.32
Fibonacci1,780.311,785.631,788.921,794.241,799.561,802.851,808.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,706.191,726.051,741.631,761.491,777.071,796.931,812.51
Camarilla1,747.451,750.701,753.951,757.201,760.451,763.701,766.95
Woodie1,704.041,724.981,739.481,760.421,774.921,795.861,810.36
Fibonacci1,726.051,739.591,747.961,761.491,775.031,783.401,796.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,592.821,657.231,705.181,769.591,817.541,881.951,929.90
Camarilla1,722.221,732.521,742.821,753.121,763.421,773.721,784.02
Woodie1,584.581,653.121,696.941,765.481,809.301,877.841,921.66
Fibonacci1,657.231,700.161,726.671,769.591,812.521,839.031,881.95

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): 28.07
MACD (12,26,9): -1.1900
Directional Movement: -23.62
AROON (14): -100.00
DEMA (21): 1,791.47
Parabolic SAR (0,02-0,02-0,2): 1,792.25
Elder Ray (13): -6.30
Super Trend (3,10): 1,794.71
Zig ZAG (10): 1,782.28
VORTEX (21): 0.7900
Stochastique (14,3,5): 7.10
TEMA (21): 1,787.32
Williams %R (14): -94.42
Chande Momentum Oscillator (20): -12.59
Repulse (5,40,3): -0.6100
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.86
MA7: 1,770.72
MA20: 1,761.06
MA50: 1,777.32
MA100: 1,798.22
MAexp7: 1,788.36
MAexp20: 1,791.84
MAexp50: 1,788.01
MAexp100: 1,779.78
Price / MA7: +0.61%
Price / MA20: +1.16%
Price / MA50: +0.24%
Price / MA100: -0.93%
Price / MAexp7: -0.38%
Price / MAexp20: -0.58%
Price / MAexp50: -0.36%
Price / MAexp100: +0.10%

Quotes : - Real time data - 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:

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

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Londinia
Londinia AI

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