GOLD - USD - 1H - Technical analysis published on 10/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,769.41 USD
My targets
1,750.36 USD (-0.71%)
1,745.92 USD (-0.96%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,769.41 USD. The next support located at 1,750.36 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,745.92 USD. Below this support, sellers could then target 1,727.91 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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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
GOLD - USD rating 1,762.93 USD. The price registered a decrease of -0.26% on the session and was between 1,761.23 USD and 1,772.13 USD. This implies that the price is at +0.10% from its lowest and at -0.52% from its highest.1,761.23
1,772.13
1,762.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,745.92 | 1,750.36 | 1,760.36 | 1,762.93 | 1,764.96 | 1,769.41 | 1,778.85 |
| Change (%) | -0.96% | -0.71% | -0.15% | - | +0.12% | +0.37% | +0.90% |
| Change | -17.01 | -12.57 | -2.57 | - | +2.03 | +6.48 | +15.92 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 1,724.48 | 1,744.67 | 1,756.13 | 1,776.32 | 1,787.78 | 1,807.97 | 1,819.43 |
| Camarilla | 1,758.88 | 1,761.78 | 1,764.68 | 1,767.58 | 1,770.48 | 1,773.38 | 1,776.28 |
| Woodie | 1,720.11 | 1,742.49 | 1,751.76 | 1,774.14 | 1,783.41 | 1,805.79 | 1,815.06 |
| Fibonacci | 1,744.67 | 1,756.76 | 1,764.23 | 1,776.32 | 1,788.41 | 1,795.88 | 1,807.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,694.51 | 1,722.33 | 1,744.96 | 1,772.78 | 1,795.41 | 1,823.23 | 1,845.86 |
| Camarilla | 1,753.71 | 1,758.33 | 1,762.96 | 1,767.58 | 1,772.21 | 1,776.83 | 1,781.45 |
| Woodie | 1,691.91 | 1,721.03 | 1,742.36 | 1,771.48 | 1,792.81 | 1,821.93 | 1,843.26 |
| Fibonacci | 1,722.33 | 1,741.61 | 1,753.51 | 1,772.78 | 1,792.06 | 1,803.96 | 1,823.23 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 26.84 | |
| MACD (12,26,9): | -4.8100 | |
| Directional Movement: | -26.77 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,764.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,771.73 | |
| Elder Ray (13): | -4.26 | |
| Super Trend (3,10): | 1,775.89 | |
| Zig ZAG (10): | 1,765.47 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 30.57 | |
| TEMA (21): | 1,763.12 | |
| Williams %R (14): | -64.86 | |
| Chande Momentum Oscillator (20): | -3.16 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.37 |
| MA7: | 1,769.98 | |
| MA20: | 1,760.20 | |
| MA50: | 1,777.65 | |
| MA100: | 1,796.63 | |
| MAexp7: | 1,766.34 | |
| MAexp20: | 1,769.91 | |
| MAexp50: | 1,776.30 | |
| MAexp100: | 1,775.82 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | -1.88% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.73% |
Quotes :
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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:
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Is it out there? Gold miners search for decades old mill
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Gold and AUD/USD Forecast October 18, 2021
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Gold Technical Analysis for the Week of October 18, 2021 by FXEmpire
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Gold Technical Analysis for October 18, 2021 by FXEmpire
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Gold and AUD/USD Forecast October 15, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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