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 01/17/2022 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1,829.54 USD
My targets
1,812.46 USD (-0.42%)
1,802.36 USD (-0.98%)
My analysis
The basic trend is currently slightly bearish on GOLD - USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1,829.54 USD, sales could be favoured. The first bearish objective would be located at 1,812.46 USD. Sellers would then use the next support located at 1,802.36 USD as an objective. Crossing it would then enable sellers to target 1,791.29 USD. A return to above the resistance at 1,829.54 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5

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

Additional analysis

Quotes

The GOLD - USD price is 1,820.19 USD. The price registered an increase of +0.13% on the session and was between 1,813.15 USD and 1,823.25 USD. This implies that the price is at +0.39% from its lowest and at -0.17% from its highest.

1,813.15
1,823.25
1,820.19

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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


A technical analysis in 1H of this GOLD - USD chart shows a slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,802.36 1,812.46 1,819.59 1,820.19 1,823.24 1,829.54 1,866.53
Change (%) -0.98% -0.42% -0.03% - +0.17% +0.51% +2.55%
Change -17.83 -7.73 -0.60 - +3.05 +9.35 +46.34
Level Minor Major Minor - 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
Standard1,797.381,806.041,811.901,820.561,826.421,835.081,840.94
Camarilla1,813.781,815.111,816.441,817.771,819.101,820.431,821.76
Woodie1,795.991,805.341,810.511,819.861,825.031,834.381,839.55
Fibonacci1,806.041,811.581,815.011,820.561,826.101,829.531,835.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,756.881,773.641,795.701,812.461,834.521,851.281,873.34
Camarilla1,807.101,810.651,814.211,817.771,821.331,824.891,828.45
Woodie1,759.541,774.971,798.361,813.791,837.181,852.611,876.00
Fibonacci1,773.641,788.471,797.631,812.461,827.291,836.451,851.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,700.811,726.901,778.201,804.291,855.591,881.681,932.98
Camarilla1,808.211,815.301,822.401,829.491,836.581,843.681,850.77
Woodie1,713.411,733.201,790.801,810.591,868.191,887.981,945.58
Fibonacci1,726.901,756.471,774.731,804.291,833.861,852.121,881.68

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): 48.22
MACD (12,26,9): -0.0400
Directional Movement: -0.29
AROON (14): 50.00
DEMA (21): 1,819.93
Parabolic SAR (0,02-0,02-0,2): 1,818.67
Elder Ray (13): 0.23
Super Trend (3,10): 1,824.95
Zig ZAG (10): 1,819.76
VORTEX (21): 1.0100
Stochastique (14,3,5): 74.39
TEMA (21): 1,820.35
Williams %R (14): -34.95
Chande Momentum Oscillator (20): 3.92
Repulse (5,40,3): -0.0800
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.36
MA7: 1,814.62
MA20: 1,809.97
MA50: 1,807.87
MA100: 1,794.22
MAexp7: 1,820.57
MAexp20: 1,820.23
MAexp50: 1,820.42
MAexp100: 1,818.35
Price / MA7: +0.31%
Price / MA20: +0.56%
Price / MA50: +0.68%
Price / MA100: +1.45%
Price / MAexp7: -0.02%
Price / MAexp20: +0.00%
Price / MAexp50: -0.01%
Price / MAexp100: +0.10%

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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