GOLD - USD - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1,953.13 USD
My targets
2,027.84 USD (+2.73%)
2,069.41 USD (+4.84%)
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 1,953.13 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2,027.84 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 2,069.41 USD as an objective. If the support 1,953.13 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 not called into question, despite technical indicators being indecisive.
Force
0
10
3
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Additional analysis
Quotes
The GOLD - USD price is 1,973.94 USD. The price registered a decrease of -0.72% on the session and was between 1,968.21 USD and 2,009.84 USD. This implies that the price is at +0.29% from its lowest and at -1.79% from its highest.1,968.21
2,009.84
1,973.94
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,885.74 | 1,909.31 | 1,953.13 | 1,973.94 | 2,069.41 |
| Change (%) | -4.47% | -3.27% | -1.05% | - | +4.84% |
| Change | -88.20 | -64.63 | -20.81 | - | +95.47 |
| Level | Minor | Major | 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 | 1,870.10 | 1,894.18 | 1,941.18 | 1,965.26 | 2,012.26 | 2,036.34 | 2,083.34 |
| Camarilla | 1,968.63 | 1,975.15 | 1,981.66 | 1,988.18 | 1,994.70 | 2,001.21 | 2,007.73 |
| Woodie | 1,881.56 | 1,899.91 | 1,952.64 | 1,970.99 | 2,023.72 | 2,042.07 | 2,094.80 |
| Fibonacci | 1,894.18 | 1,921.33 | 1,938.11 | 1,965.26 | 1,992.41 | 2,009.19 | 2,036.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,792.22 | 1,831.87 | 1,910.03 | 1,949.68 | 2,027.84 | 2,067.49 | 2,145.65 |
| Camarilla | 1,955.78 | 1,966.58 | 1,977.38 | 1,988.18 | 1,998.98 | 2,009.78 | 2,020.58 |
| Woodie | 1,811.47 | 1,841.50 | 1,929.28 | 1,959.31 | 2,047.09 | 2,077.12 | 2,164.90 |
| Fibonacci | 1,831.87 | 1,876.88 | 1,904.68 | 1,949.68 | 1,994.69 | 2,022.49 | 2,067.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,612.22 | 1,708.55 | 1,767.09 | 1,863.42 | 1,921.96 | 2,018.29 | 2,076.83 |
| Camarilla | 1,783.05 | 1,797.25 | 1,811.44 | 1,825.64 | 1,839.84 | 1,854.03 | 1,868.23 |
| Woodie | 1,593.34 | 1,699.10 | 1,748.21 | 1,853.97 | 1,903.08 | 2,008.84 | 2,057.95 |
| Fibonacci | 1,708.55 | 1,767.71 | 1,804.26 | 1,863.42 | 1,922.58 | 1,959.13 | 2,018.29 |
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): | 53.46 | |
| MACD (12,26,9): | 10.0500 | |
| Directional Movement: | 6.87 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,990.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,008.42 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 1,972.26 | |
| Zig ZAG (10): | 1,973.98 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 27.54 | |
| TEMA (21): | 1,989.89 | |
| Williams %R (14): | -87.85 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | -0.9300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.84 |
| MA7: | 1,926.82 | |
| MA20: | 1,863.32 | |
| MA50: | 1,881.95 | |
| MA100: | 1,827.91 | |
| MAexp7: | 1,982.49 | |
| MAexp20: | 1,976.41 | |
| MAexp50: | 1,956.35 | |
| MAexp100: | 1,934.30 | |
| Price / MA7: | +2.45% | |
| Price / MA20: | +5.94% | |
| Price / MA50: | +4.89% | |
| Price / MA100: | +7.99% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +2.06% |
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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Gold Technical Analysis for March 20, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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