GOLD - USD - Daily - Technical analysis published on 06/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1,866.99 USD
My targets
1,811.85 USD (-1.55%)
1,769.71 USD (-3.84%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,866.99 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,811.85 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,769.71 USD as an objective. Crossing it would then enable sellers to target 1,728.89 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.1
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This analysis was given by MoranFx. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,840.43 USD. On the day, this instrument gained +0.07% and was between 1,838.55 USD and 1,842.47 USD. This implies that the price is at +0.10% from its lowest and at -0.11% from its highest.1,838.55
1,842.47
1,840.43
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in Daily shows a overall strongly bearish trend. 82.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,728.89 | 1,769.71 | 1,811.85 | 1,840.43 | 1,866.99 | 1,909.31 | 1,977.29 |
Change (%) | -6.06% | -3.84% | -1.55% | - | +1.44% | +3.74% | +7.44% |
Change | -111.54 | -70.72 | -28.58 | - | +26.56 | +68.88 | +136.86 |
Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,822.38 | 1,828.55 | 1,833.85 | 1,840.02 | 1,845.32 | 1,851.49 | 1,856.79 |
Camarilla | 1,836.01 | 1,837.06 | 1,838.11 | 1,839.16 | 1,840.21 | 1,841.26 | 1,842.31 |
Woodie | 1,821.96 | 1,828.33 | 1,833.43 | 1,839.80 | 1,844.90 | 1,851.27 | 1,856.37 |
Fibonacci | 1,828.55 | 1,832.93 | 1,835.64 | 1,840.02 | 1,844.40 | 1,847.11 | 1,851.49 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,729.18 | 1,767.14 | 1,803.26 | 1,841.22 | 1,877.34 | 1,915.30 | 1,951.42 |
Camarilla | 1,819.01 | 1,825.80 | 1,832.59 | 1,839.38 | 1,846.17 | 1,852.96 | 1,859.75 |
Woodie | 1,728.26 | 1,766.68 | 1,802.34 | 1,840.76 | 1,876.42 | 1,914.84 | 1,950.50 |
Fibonacci | 1,767.14 | 1,795.44 | 1,812.92 | 1,841.22 | 1,869.52 | 1,887.00 | 1,915.30 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,656.03 | 1,721.45 | 1,778.96 | 1,844.38 | 1,901.89 | 1,967.31 | 2,024.82 |
Camarilla | 1,802.65 | 1,813.92 | 1,825.19 | 1,836.46 | 1,847.73 | 1,859.00 | 1,870.27 |
Woodie | 1,652.07 | 1,719.47 | 1,775.00 | 1,842.40 | 1,897.93 | 1,965.33 | 2,020.86 |
Fibonacci | 1,721.45 | 1,768.41 | 1,797.42 | 1,844.38 | 1,891.34 | 1,920.35 | 1,967.31 |
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): | 47.35 | |
MACD (12,26,9): | -7.1300 | |
Directional Movement: | 4.16 | |
AROON (14): | -7.15 | |
DEMA (21): | 1,834.36 | |
Parabolic SAR (0,02-0,02-0,2): | 1,868.02 | |
Elder Ray (13): | -1.50 | |
Super Trend (3,10): | 1,904.94 | |
Zig ZAG (10): | 1,840.54 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 46.60 | |
TEMA (21): | 1,838.63 | |
Williams %R (14): | -52.73 | |
Chande Momentum Oscillator (20): | -10.92 | |
Repulse (5,40,3): | 0.0800 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0600 | |
Courbe Coppock: | 1.21 |
MA7: | 1,833.65 | |
MA20: | 1,845.82 | |
MA50: | 1,870.20 | |
MA100: | 1,891.32 | |
MAexp7: | 1,839.95 | |
MAexp20: | 1,845.07 | |
MAexp50: | 1,862.22 | |
MAexp100: | 1,867.39 | |
Price / MA7: | +0.37% | |
Price / MA20: | -0.29% | |
Price / MA50: | -1.59% | |
Price / MA100: | -2.69% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | -0.25% | |
Price / MAexp50: | -1.17% | |
Price / MAexp100: | -1.44% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold Technical Analysis for June 21, 2022 by FXEmpire
- Technical Analysis: 20/06/2022 - Gold indecisive within constraining zone
- Technical Analysis: 20/06/2022 - Gold indecisive within constraining zone
- Gold Technical Analysis for the Week of June 20, 2022 by FXEmpire
- Gold Technical Analysis for June 20, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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