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 10/24/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1,778.85 USD
My targets
1,800.61 USD (+0.44%)
1,813.85 USD (+1.18%)
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 above the support located at 1,778.85 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,800.61 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,813.85 USD as an objective. Crossing it would then enable buyers to target 1,829.56 USD. If the support 1,778.85 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
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.

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

Additional analysis

Quotes

The GOLD - USD price is 1,792.72 USD. The price has increased by +0.45% since the last closing and was traded between 1,782.93 USD and 1,813.85 USD over the period. The price is currently at +0.55% from its lowest and -1.16% from its highest.

1,782.93
1,813.85
1,792.72

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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 1,766.92 1,778.85 1,789.53 1,792.72 1,796.23 1,800.61 1,813.85
Change (%) -1.44% -0.77% -0.18% - +0.20% +0.44% +1.18%
Change -25.80 -13.87 -3.19 - +3.51 +7.89 +21.13
Level Minor Major Intermediate - Minor Major 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
Standard1,748.231,765.581,779.151,796.501,810.071,827.421,840.99
Camarilla1,784.221,787.051,789.891,792.721,795.551,798.391,801.22
Woodie1,746.341,764.641,777.261,795.561,808.181,826.481,839.10
Fibonacci1,765.581,777.391,784.691,796.501,808.311,815.611,827.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,710.511,735.411,764.061,788.961,817.611,842.511,871.16
Camarilla1,777.991,782.901,787.811,792.721,797.631,802.541,807.45
Woodie1,712.401,736.351,765.951,789.901,819.501,843.451,873.05
Fibonacci1,735.411,755.861,768.501,788.961,809.411,822.051,842.51


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): 50.82
MACD (12,26,9): 2.5600
Directional Movement: -2.81
AROON (14): 0
DEMA (21): 1,796.87
Parabolic SAR (0,02-0,02-0,2): 1,812.03
Elder Ray (13): -1.27
Super Trend (3,10): 1,812.91
Zig ZAG (10): 1,792.72
VORTEX (21): 1.0700
Stochastique (14,3,5): 34.81
TEMA (21): 1,797.05
Williams %R (14): -68.34
Chande Momentum Oscillator (20): 1.62
Repulse (5,40,3): -0.1200
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.76
MA7: 1,779.23
MA20: 1,764.70
MA50: 1,779.97
MA100: 1,792.22
MAexp7: 1,794.65
MAexp20: 1,793.17
MAexp50: 1,788.33
MAexp100: 1,783.86
Price / MA7: +0.76%
Price / MA20: +1.59%
Price / MA50: +0.72%
Price / MA100: +0.03%
Price / MAexp7: -0.11%
Price / MAexp20: -0.03%
Price / MAexp50: +0.25%
Price / MAexp100: +0.50%

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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