Londinia Opportunities Analyses - 06/07/2023 (GMT) GOLD - USD - 1H
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USD
(-)
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Real time data - Gold & Silver Spot
| Type: | Commodities |
| Ticker: | XAUUSD |
| ISIN: |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 1,954.16 USD
My targets
1,932.10 USD (-0.57%)
1,909.31 USD (-1.75%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,954.16 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,932.10 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,909.31 USD as an objective. Crossing it would then enable sellers to target 1,811.49 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The GOLD - USD price is 1,943.23 USD. The price is lower by -1.03% since the last closing and was traded between 1,940.91 USD and 1,970.23 USD over the period. The price is currently at +0.12% from its lowest and -1.37% from its highest.1,940.91
1,970.23
1,943.23
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
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a 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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,909.31 | 1,932.10 | 1,938.42 | 1,943.23 | 1,954.16 | 1,962.22 | 1,966.38 |
| Change (%) | -1.75% | -0.57% | -0.25% | - | +0.56% | +0.98% | +1.19% |
| Change | -33.92 | -11.13 | -4.81 | - | +10.93 | +18.99 | +23.15 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 1,944.46 | 1,949.44 | 1,956.44 | 1,961.42 | 1,968.42 | 1,973.40 | 1,980.40 |
| Camarilla | 1,960.16 | 1,961.25 | 1,962.35 | 1,963.45 | 1,964.55 | 1,965.65 | 1,966.75 |
| Woodie | 1,945.48 | 1,949.95 | 1,957.46 | 1,961.93 | 1,969.44 | 1,973.91 | 1,981.42 |
| Fibonacci | 1,949.44 | 1,954.01 | 1,956.84 | 1,961.42 | 1,965.99 | 1,968.82 | 1,973.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,874.26 | 1,903.18 | 1,925.64 | 1,954.56 | 1,977.02 | 2,005.94 | 2,028.40 |
| Camarilla | 1,933.97 | 1,938.68 | 1,943.39 | 1,948.10 | 1,952.81 | 1,957.52 | 1,962.23 |
| Woodie | 1,871.03 | 1,901.57 | 1,922.41 | 1,952.95 | 1,973.79 | 2,004.33 | 2,025.17 |
| Fibonacci | 1,903.18 | 1,922.81 | 1,934.93 | 1,954.56 | 1,974.19 | 1,986.31 | 2,005.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,739.55 | 1,835.83 | 1,901.10 | 1,997.38 | 2,062.65 | 2,158.93 | 2,224.20 |
| Camarilla | 1,921.95 | 1,936.76 | 1,951.57 | 1,966.38 | 1,981.19 | 1,996.00 | 2,010.81 |
| Woodie | 1,724.06 | 1,828.08 | 1,885.61 | 1,989.63 | 2,047.16 | 2,151.18 | 2,208.71 |
| Fibonacci | 1,835.83 | 1,897.54 | 1,935.67 | 1,997.38 | 2,059.09 | 2,097.22 | 2,158.93 |
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): | 35.44 | |
| MACD (12,26,9): | -3.8200 | |
| Directional Movement: | -13.59 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1,952.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,966.96 | |
| Elder Ray (13): | -9.63 | |
| Super Trend (3,10): | 1,960.94 | |
| Zig ZAG (10): | 1,944.46 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 9.50 | |
| TEMA (21): | 1,948.45 | |
| Williams %R (14): | -87.99 | |
| Chande Momentum Oscillator (20): | -13.29 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.19 |
| MA7: | 1,959.81 | |
| MA20: | 1,970.13 | |
| MA50: | 1,991.16 | |
| MA100: | 1,940.69 | |
| MAexp7: | 1,949.81 | |
| MAexp20: | 1,956.24 | |
| MAexp50: | 1,958.74 | |
| MAexp100: | 1,959.55 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -2.41% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | -0.84% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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Gold Forecast June 8, 2023
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Gold Technical Analysis for June 08, 2023 by FXEmpire
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Gold Forecast Video for 07.06.23 by Bruce Powers
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Gold Forecast June 7, 2023
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Gold Technical Analysis for June 07, 2023 by FXEmpire