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

GOLD - USD - 1H - Technical analysis published on 10/20/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1,771.28 USD
My targets
1,785.19 USD (+0.48%)
1,796.23 USD (+1.10%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,771.28 USD. The buyers' bullish objective is set at 1,785.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,796.23 USD. If there is any crossing, the next objective would be the resistance located at 1,800.61 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5

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 1,776.70 USD. On the day, this instrument gained +0.45% and was traded between 1,766.86 USD and 1,778.09 USD over the period. The price is currently at +0.56% from its lowest and -0.08% from its highest.

1,766.86
1,778.09
1,776.70

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of GOLD - USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,760.33 1,767.05 1,771.28 1,776.70 1,778.85 1,785.19 1,796.23
Change (%) -0.92% -0.54% -0.31% - +0.12% +0.48% +1.10%
Change -16.37 -9.65 -5.42 - +2.15 +8.49 +19.53
Level Intermediate Minor Minor - Intermediate Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,737.771,750.531,759.661,772.421,781.551,794.311,803.44
Camarilla1,762.761,764.771,766.771,768.781,770.791,772.791,774.80
Woodie1,735.951,749.621,757.841,771.511,779.731,793.401,801.62
Fibonacci1,750.531,758.901,764.061,772.421,780.791,785.951,794.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,694.511,722.331,744.961,772.781,795.411,823.231,845.86
Camarilla1,753.711,758.331,762.961,767.581,772.211,776.831,781.45
Woodie1,691.911,721.031,742.361,771.481,792.811,821.931,843.26
Fibonacci1,722.331,741.611,753.511,772.781,792.061,803.961,823.23


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): 61.66
MACD (12,26,9): 0.9200
Directional Movement: 8.16
AROON (14): 42.85
DEMA (21): 1,774.82
Parabolic SAR (0,02-0,02-0,2): 1,767.93
Elder Ray (13): 2.52
Super Trend (3,10): 1,768.49
Zig ZAG (10): 1,777.46
VORTEX (21): 1.0100
Stochastique (14,3,5): 88.16
TEMA (21): 1,775.65
Williams %R (14): -6.50
Chande Momentum Oscillator (20): 8.08
Repulse (5,40,3): 0.1900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.40
MA7: 1,775.06
MA20: 1,760.43
MA50: 1,779.00
MA100: 1,794.03
MAexp7: 1,775.49
MAexp20: 1,773.74
MAexp50: 1,773.43
MAexp100: 1,773.73
Price / MA7: +0.09%
Price / MA20: +0.92%
Price / MA50: -0.13%
Price / MA100: -0.97%
Price / MAexp7: +0.07%
Price / MAexp20: +0.17%
Price / MAexp50: +0.18%
Price / MAexp100: +0.17%

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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