GOLD - USD - 1H - Technical analysis published on 03/20/2023 (GMT)
- 97
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
One daily analysis for free from
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 (+2.70%)
2,069.41 USD (+4.81%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,953.13 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,953.13 USD. The next bullish objective for buyers is set at 2,027.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,069.41 USD. PS: if there is a bearish break in the support located at 1,953.13 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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 bccartwright. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,974.43 USD. On the day, this instrument lost -0.69% and was between 1,965.92 USD and 2,009.84 USD. This implies that the price is at +0.43% from its lowest and at -1.76% from its highest.1,965.92
2,009.84
1,974.43
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 1,885.74 | 1,909.31 | 1,953.13 | 1,974.43 | 2,069.41 |
Change (%) | -4.49% | -3.30% | -1.08% | - | +4.81% |
Change | -88.69 | -65.12 | -21.30 | - | +94.98 |
Level | Minor | Major | Minor | - | Intermediate |
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 | 1,870.10 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 52.16 | |
MACD (12,26,9): | 5.6400 | |
Directional Movement: | 3.55 | |
AROON (14): | -50.00 | |
DEMA (21): | 1,985.40 | |
Parabolic SAR (0,02-0,02-0,2): | 2,000.98 | |
Elder Ray (13): | -1.10 | |
Super Trend (3,10): | 2,001.71 | |
Zig ZAG (10): | 1,975.84 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 17.51 | |
TEMA (21): | 1,981.13 | |
Williams %R (14): | -76.21 | |
Chande Momentum Oscillator (20): | 1.67 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0700 | |
Courbe Coppock: | 0.07 |
MA7: | 1,927.37 | |
MA20: | 1,863.26 | |
MA50: | 1,881.94 | |
MA100: | 1,827.90 | |
MAexp7: | 1,977.58 | |
MAexp20: | 1,975.65 | |
MAexp50: | 1,958.95 | |
MAexp100: | 1,937.32 | |
Price / MA7: | +2.44% | |
Price / MA20: | +5.97% | |
Price / MA50: | +4.91% | |
Price / MA100: | +8.02% | |
Price / MAexp7: | -0.16% | |
Price / MAexp20: | -0.06% | |
Price / MAexp50: | +0.79% | |
Price / MAexp100: | +1.92% |
Quotes :
-
Real time data
-
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 March 21, 2023 by FXEmpire
- Oil falls, Gold jumps - the banking crisis shapes the markets 📈📉
- Technical Analysis: 20/03/2023 - Gold jumps above crucial $2,000 mark
- Gold Forecast March 20, 2023
- Gold Technical Analysis for the Week of March 20, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GOLD - USD - 1H