GOLD - USD - 1H - Technical analysis published on 10/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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This analysis was given by ANKARAM. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,748.23 | 1,765.58 | 1,779.15 | 1,796.50 | 1,810.07 | 1,827.42 | 1,840.99 |
Camarilla | 1,784.22 | 1,787.05 | 1,789.89 | 1,792.72 | 1,795.55 | 1,798.39 | 1,801.22 |
Woodie | 1,746.34 | 1,764.64 | 1,777.26 | 1,795.56 | 1,808.18 | 1,826.48 | 1,839.10 |
Fibonacci | 1,765.58 | 1,777.39 | 1,784.69 | 1,796.50 | 1,808.31 | 1,815.61 | 1,827.42 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,710.51 | 1,735.41 | 1,764.06 | 1,788.96 | 1,817.61 | 1,842.51 | 1,871.16 |
Camarilla | 1,777.99 | 1,782.90 | 1,787.81 | 1,792.72 | 1,797.63 | 1,802.54 | 1,807.45 |
Woodie | 1,712.40 | 1,736.35 | 1,765.95 | 1,789.90 | 1,819.50 | 1,843.45 | 1,873.05 |
Fibonacci | 1,735.41 | 1,755.86 | 1,768.50 | 1,788.96 | 1,809.41 | 1,822.05 | 1,842.51 |
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 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
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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:
- ‘American Gold’ brothers rush to construct historic gold mine
- Gold and AUD/USD Forecast October 25, 2021
- Gold Technical Analysis for the Week of October 25, 2021 by FXEmpire
- Gold Technical Analysis for October 25, 2021 by FXEmpire
- Gold Technical Analysis for October 22, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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