GOLD - USD - 1H - Technical analysis published on 10/29/2021 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Neutral between 1,782.61 USD and 1,804.35 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1,804.35 USD. The first support is located at 1,782.61 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GOLD - USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
The GOLD - USD rating is 1,797.26 USD. The price is lower by -0.13% since the last closing and was between 1,790.93 USD and 1,800.04 USD. This implies that the price is at +0.35% from its lowest and at -0.15% from its highest.1,790.93
1,800.04
1,797.26
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GOLD - USD in 1H shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,766.92 | 1,782.61 | 1,794.82 | 1,797.26 | 1,799.12 | 1,804.35 | 1,810.33 |
| Change (%) | -1.69% | -0.82% | -0.14% | - | +0.10% | +0.39% | +0.73% |
| Change | -30.34 | -14.65 | -2.44 | - | +1.86 | +7.09 | +13.07 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,773.06 | 1,782.70 | 1,791.18 | 1,800.82 | 1,809.30 | 1,818.94 | 1,827.42 |
| Camarilla | 1,794.67 | 1,796.33 | 1,797.99 | 1,799.65 | 1,801.31 | 1,802.97 | 1,804.63 |
| Woodie | 1,772.47 | 1,782.41 | 1,790.59 | 1,800.53 | 1,808.71 | 1,818.65 | 1,826.83 |
| Fibonacci | 1,782.70 | 1,789.63 | 1,793.90 | 1,800.82 | 1,807.75 | 1,812.02 | 1,818.94 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.99 | |
| MACD (12,26,9): | -1.0700 | |
| Directional Movement: | -6.10 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1,795.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,804.63 | |
| Elder Ray (13): | -2.03 | |
| Super Trend (3,10): | 1,792.41 | |
| Zig ZAG (10): | 1,796.28 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 32.02 | |
| TEMA (21): | 1,794.48 | |
| Williams %R (14): | -47.14 | |
| Chande Momentum Oscillator (20): | -2.34 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.53 |
| MA7: | 1,795.95 | |
| MA20: | 1,777.96 | |
| MA50: | 1,781.44 | |
| MA100: | 1,787.61 | |
| MAexp7: | 1,795.49 | |
| MAexp20: | 1,797.00 | |
| MAexp50: | 1,797.15 | |
| MAexp100: | 1,795.92 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +0.89% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.07% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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Gold and AUD/USD Forecast October 29, 2021
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Gold Technical Analysis for October 29, 2021 by FXEmpire
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Gold and Silver Forecast October 28, 2021
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Gold Technical Analysis for October 28, 2021 by FXEmpire
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Gold and AUD/USD Forecast October 27, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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