GOLD - USD - 1H - Technical analysis published on 11/22/2021 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1,856.45 USD
My targets
1,829.56 USD (-0.92%)
1,822.55 USD (-1.30%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,856.45 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,829.56 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,822.55 USD as an objective. Crossing it would then enable sellers to target 1,762.45 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,846.58 USD. The price has increased by +0.05% since the last closing and was between 1,838.73 USD and 1,849.16 USD. This implies that the price is at +0.43% from its lowest and at -0.14% from its highest.1,838.73
1,849.16
1,846.58
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Technical
Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,822.55 | 1,829.56 | 1,843.03 | 1,846.58 | 1,849.57 | 1,856.45 | 1,871.02 |
| Change (%) | -1.30% | -0.92% | -0.19% | - | +0.16% | +0.53% | +1.32% |
| Change | -24.03 | -17.02 | -3.55 | - | +2.99 | +9.87 | +24.44 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
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 | 1,814.44 | 1,828.75 | 1,837.22 | 1,851.53 | 1,860.00 | 1,874.31 | 1,882.78 |
| Camarilla | 1,839.43 | 1,841.51 | 1,843.60 | 1,845.69 | 1,847.78 | 1,849.87 | 1,851.96 |
| Woodie | 1,811.52 | 1,827.29 | 1,834.30 | 1,850.07 | 1,857.08 | 1,872.85 | 1,879.86 |
| Fibonacci | 1,828.75 | 1,837.45 | 1,842.83 | 1,851.53 | 1,860.23 | 1,865.61 | 1,874.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,799.33 | 1,821.20 | 1,833.44 | 1,855.31 | 1,867.55 | 1,889.42 | 1,901.66 |
| Camarilla | 1,836.31 | 1,839.44 | 1,842.56 | 1,845.69 | 1,848.82 | 1,851.94 | 1,855.07 |
| Woodie | 1,794.53 | 1,818.79 | 1,828.64 | 1,852.90 | 1,862.75 | 1,887.01 | 1,896.86 |
| Fibonacci | 1,821.20 | 1,834.23 | 1,842.28 | 1,855.31 | 1,868.34 | 1,876.39 | 1,889.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,680.20 | 1,713.06 | 1,748.13 | 1,780.99 | 1,816.06 | 1,848.92 | 1,883.99 |
| Camarilla | 1,764.52 | 1,770.75 | 1,776.97 | 1,783.20 | 1,789.43 | 1,795.65 | 1,801.88 |
| Woodie | 1,681.31 | 1,713.61 | 1,749.24 | 1,781.54 | 1,817.17 | 1,849.47 | 1,885.10 |
| Fibonacci | 1,713.06 | 1,739.01 | 1,755.04 | 1,780.99 | 1,806.94 | 1,822.97 | 1,848.92 |
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): | 40.83 | |
| MACD (12,26,9): | -3.7000 | |
| Directional Movement: | -20.43 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,844.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,851.72 | |
| Elder Ray (13): | -2.33 | |
| Super Trend (3,10): | 1,856.65 | |
| Zig ZAG (10): | 1,846.34 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 37.59 | |
| TEMA (21): | 1,843.15 | |
| Williams %R (14): | -31.21 | |
| Chande Momentum Oscillator (20): | -2.87 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.01 |
| MA7: | 1,856.29 | |
| MA20: | 1,824.98 | |
| MA50: | 1,790.26 | |
| MA100: | 1,794.31 | |
| MAexp7: | 1,845.32 | |
| MAexp20: | 1,849.22 | |
| MAexp50: | 1,854.43 | |
| MAexp100: | 1,856.42 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +3.15% | |
| Price / MA100: | +2.91% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.53% |
Quotes :
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Real time data
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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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This member declared not having a position on this financial instrument or a related financial instrument.
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