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 11/22/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 1,822.55 USD
My targets
1,799.33 USD (-0.83%)
1,762.45 USD (-2.86%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,822.55 USD. The next support located at 1,799.33 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,762.45 USD. Below this support, sellers could then target 1,727.91 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8

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 huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 1,814.37 USD. On the day, this instrument lost -1.70% with the lowest point at 1,811.57 USD and the highest point at 1,849.16 USD. The deviation from the price is +0.15% for the low point and -1.88% for the high point.

1,811.57
1,849.16
1,814.37

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this GOLD - USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,684.74 1,727.91 1,762.45 1,814.37 1,822.55 1,829.56 1,843.03
Change (%) -7.14% -4.77% -2.86% - +0.45% +0.84% +1.58%
Change -129.63 -86.46 -51.92 - +8.18 +15.19 +28.66
Level Major Intermediate Minor - Minor Major 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
Standard1,814.441,828.751,837.221,851.531,860.001,874.311,882.78
Camarilla1,839.431,841.511,843.601,845.691,847.781,849.871,851.96
Woodie1,811.521,827.291,834.301,850.071,857.081,872.851,879.86
Fibonacci1,828.751,837.451,842.831,851.531,860.231,865.611,874.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,799.331,821.201,833.441,855.311,867.551,889.421,901.66
Camarilla1,836.311,839.441,842.561,845.691,848.821,851.941,855.07
Woodie1,794.531,818.791,828.641,852.901,862.751,887.011,896.86
Fibonacci1,821.201,834.231,842.281,855.311,868.341,876.391,889.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,680.201,713.061,748.131,780.991,816.061,848.921,883.99
Camarilla1,764.521,770.751,776.971,783.201,789.431,795.651,801.88
Woodie1,681.311,713.611,749.241,781.541,817.171,849.471,885.10
Fibonacci1,713.061,739.011,755.041,780.991,806.941,822.971,848.92

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 17.30
MACD (12,26,9): -7.3600
Directional Movement: -42.58
AROON (14): -71.43
DEMA (21): 1,831.77
Parabolic SAR (0,02-0,02-0,2): 1,842.29
Elder Ray (13): -20.13
Super Trend (3,10): 1,837.51
Zig ZAG (10): 1,814.44
VORTEX (21): 0.7400
Stochastique (14,3,5): 16.25
TEMA (21): 1,827.49
Williams %R (14): -93.14
Chande Momentum Oscillator (20): -33.39
Repulse (5,40,3): -1.2100
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 1.52
MA7: 1,851.96
MA20: 1,823.47
MA50: 1,789.64
MA100: 1,793.99
MAexp7: 1,830.34
MAexp20: 1,840.60
MAexp50: 1,849.23
MAexp100: 1,853.46
Price / MA7: -2.03%
Price / MA20: -0.50%
Price / MA50: +1.38%
Price / MA100: +1.14%
Price / MAexp7: -0.87%
Price / MAexp20: -1.42%
Price / MAexp50: -1.88%
Price / MAexp100: -2.11%

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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