GOLD - USD - Daily - Technical analysis published on 11/22/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 1,762.45 USD
My targets
1,829.56 USD (+0.85%)
1,871.02 USD (+3.13%)
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 1,762.45 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,829.56 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 1,871.02 USD as an objective. Crossing it would then enable buyers to target 1,909.31 USD. If the support 1,762.45 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, 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
3.6
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,814.16 USD. The price is lower by -1.71% since the last closing and was traded between 1,811.57 USD and 1,849.16 USD over the period. The price is currently at +0.14% from its lowest and -1.89% from its highest.1,811.57
1,849.16
1,814.16
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is bullish. 71.43% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,684.74 | 1,727.91 | 1,762.45 | 1,814.16 | 1,829.56 | 1,871.02 | 1,909.31 |
| Change (%) | -7.13% | -4.75% | -2.85% | - | +0.85% | +3.13% | +5.24% |
| Change | -129.42 | -86.25 | -51.71 | - | +15.40 | +56.86 | +95.15 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 1,814.44 | 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): | 48.36 | |
| MACD (12,26,9): | 17.2800 | |
| Directional Movement: | 0.18 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1,850.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,877.17 | |
| Elder Ray (13): | -6.37 | |
| Super Trend (3,10): | 1,797.08 | |
| Zig ZAG (10): | 1,814.50 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 68.41 | |
| TEMA (21): | 1,858.11 | |
| Williams %R (14): | -51.39 | |
| Chande Momentum Oscillator (20): | 25.23 | |
| Repulse (5,40,3): | -2.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 6.24 |
| MA7: | 1,851.96 | |
| MA20: | 1,823.47 | |
| MA50: | 1,789.64 | |
| MA100: | 1,793.99 | |
| MAexp7: | 1,841.95 | |
| MAexp20: | 1,827.51 | |
| MAexp50: | 1,806.38 | |
| MAexp100: | 1,800.09 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | +1.37% | |
| Price / MA100: | +1.12% | |
| Price / MAexp7: | -1.51% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.78% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
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Dale brothers frantically search for gold as their mission comes to an end
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Gold Forecast November 22, 2021
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Gold Technical Analysis for the Week of November 22, 2021 by FXEmpire
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Gold Technical Analysis for November 22, 2021 by FXEmpire
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Gold and USD/MXN Forecast November 19, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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