GOLD FULL0424 - Weekly - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1,902.8 USD
My targets
1,637.7 USD (-8.00%)
1,537.5 USD (-13.63%)
My analysis
The strong short-term decline in GOLD FULL0621 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1,902.8 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1,637.7 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,537.5 USD as an objective. Crossing it would then enable sellers to target 1,369.0 USD. Be careful, a return to above 1,902.8 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD FULL0621 rating 1,780.1 USD. The price is up +1.86% over 5 days and has been traded over the last 5 days between 1,760.3 USD and 1,790.4 USD. This implies that the 5 day price is +1.12% from its lowest point and -0.58% from its highest point.1,760.3
1,790.4
1,780.1
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this GOLD FULL0621 chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. 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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 1,369.0 | 1,537.5 | 1,776.9 | 1,780.1 | 1,902.8 | 2,069.4 |
Change (%) | -23.09% | -13.63% | -0.18% | - | +6.89% | +16.25% |
Change | -411.1 | -242.6 | -3.2 | - | +122.7 | +289.3 |
Level | Major | Intermediate | Major | - | Major | Major |
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 | 1,750.9 | 1,757.2 | 1,768.2 | 1,774.5 | 1,785.5 | 1,791.8 | 1,802.8 |
Camarilla | 1,774.4 | 1,776.0 | 1,777.6 | 1,779.2 | 1,780.8 | 1,782.4 | 1,784.0 |
Woodie | 1,753.3 | 1,758.4 | 1,770.6 | 1,775.7 | 1,787.9 | 1,793.0 | 1,805.2 |
Fibonacci | 1,757.2 | 1,763.8 | 1,767.9 | 1,774.5 | 1,781.1 | 1,785.2 | 1,791.8 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,679.2 | 1,701.2 | 1,740.7 | 1,762.7 | 1,802.2 | 1,824.2 | 1,863.7 |
Camarilla | 1,763.3 | 1,768.9 | 1,774.6 | 1,780.2 | 1,785.8 | 1,791.5 | 1,797.1 |
Woodie | 1,688.0 | 1,705.6 | 1,749.5 | 1,767.1 | 1,811.0 | 1,828.6 | 1,872.5 |
Fibonacci | 1,701.2 | 1,724.7 | 1,739.2 | 1,762.7 | 1,786.2 | 1,800.7 | 1,824.2 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,602.2 | 1,637.7 | 1,683.1 | 1,718.6 | 1,764.0 | 1,799.5 | 1,844.9 |
Camarilla | 1,706.2 | 1,713.6 | 1,721.0 | 1,728.4 | 1,735.8 | 1,743.2 | 1,750.7 |
Woodie | 1,607.1 | 1,640.2 | 1,688.0 | 1,721.1 | 1,768.9 | 1,802.0 | 1,849.8 |
Fibonacci | 1,637.7 | 1,668.6 | 1,687.7 | 1,718.6 | 1,749.5 | 1,768.6 | 1,799.5 |
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): | 47.40 | |
MACD (12,26,9): | -26.2000 | |
Directional Movement: | -5.8 | |
AROON (14): | -35.7 | |
DEMA (21): | 1,755.3 | |
Parabolic SAR (0,02-0,02-0,2): | 1,830.6 | |
Elder Ray (13): | 6.2 | |
Super Trend (3,10): | 1,899.1 | |
Zig ZAG (10): | 1,778.7 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 43.20 | |
TEMA (21): | 1,722.4 | |
Williams %R (14): | -47.60 | |
Chande Momentum Oscillator (20): | -67.5 | |
Repulse (5,40,3): | 3.0000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.2000 | |
Courbe Coppock: | 11.10 |
MA7: | 1,765.4 | |
MA20: | 1,742.1 | |
MA50: | 1,749.0 | |
MA100: | 1,803.1 | |
MAexp7: | 1,759.5 | |
MAexp20: | 1,786.6 | |
MAexp50: | 1,780.8 | |
MAexp100: | 1,689.6 | |
Price / MA7: | +0.83% | |
Price / MA20: | +2.18% | |
Price / MA50: | +1.78% | |
Price / MA100: | -1.28% | |
Price / MAexp7: | +1.17% | |
Price / MAexp20: | -0.36% | |
Price / MAexp50: | -0.04% | |
Price / MAexp100: | +5.36% |
Quotes :
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10 min delayed data
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COMEX Futures
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…
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