TETHER GOLD - XAUT/USD - 1H - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1,957.29 USD
My targets
1,929.24 USD (-0.83%)
1,876.86 USD (-3.52%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TETHER GOLD - XAUT/USD as long as the price remains well below 1,957.29 USD. The next bearish objective for sellers is set at 1,929.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,876.86 USD. If there is any crossing, the next objective would be the support located at 1,792.67 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TETHER GOLD - XAUT/USD price is 1,945.43 USD. On the day, this instrument lost -0.01% with the lowest point at 1,938.69 USD and the highest point at 1,951.44 USD. The deviation from the price is +0.35% for the low point and -0.31% for the high point.1,938.69
1,951.44
1,945.43
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
Here is a more detailed summary of the historical variations registered by TETHER GOLD - XAUT/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TETHER GOLD - XAUT/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,876.86 | 1,929.24 | 1,939.59 | 1,945.43 | 1,957.29 | 1,971.09 | 1,978.92 |
| Change (%) | -3.52% | -0.83% | -0.30% | - | +0.61% | +1.32% | +1.72% |
| Change | -68.57 | -16.19 | -5.84 | - | +11.86 | +25.66 | +33.49 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | 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 | 1,888.17 | 1,911.91 | 1,928.80 | 1,952.54 | 1,969.43 | 1,993.17 | 2,010.06 |
| Camarilla | 1,934.53 | 1,938.25 | 1,941.98 | 1,945.70 | 1,949.42 | 1,953.15 | 1,956.87 |
| Woodie | 1,884.76 | 1,910.20 | 1,925.39 | 1,950.83 | 1,966.02 | 1,991.46 | 2,006.65 |
| Fibonacci | 1,911.91 | 1,927.43 | 1,937.02 | 1,952.54 | 1,968.06 | 1,977.65 | 1,993.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,864.05 | 1,896.72 | 1,920.05 | 1,952.72 | 1,976.05 | 2,008.72 | 2,032.05 |
| Camarilla | 1,927.97 | 1,933.10 | 1,938.24 | 1,943.37 | 1,948.50 | 1,953.64 | 1,958.77 |
| Woodie | 1,859.37 | 1,894.39 | 1,915.37 | 1,950.39 | 1,971.37 | 2,006.39 | 2,027.37 |
| Fibonacci | 1,896.72 | 1,918.12 | 1,931.33 | 1,952.72 | 1,974.12 | 1,987.33 | 2,008.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,884.32 | 1,927.69 | 1,959.34 | 2,002.71 | 2,034.36 | 2,077.73 | 2,109.38 |
| Camarilla | 1,970.37 | 1,977.25 | 1,984.12 | 1,991.00 | 1,997.88 | 2,004.75 | 2,011.63 |
| Woodie | 1,878.47 | 1,924.76 | 1,953.49 | 1,999.78 | 2,028.51 | 2,074.80 | 2,103.53 |
| Fibonacci | 1,927.69 | 1,956.34 | 1,974.05 | 2,002.71 | 2,031.36 | 2,049.07 | 2,077.73 |
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): | 43.70 | |
| MACD (12,26,9): | -1.8500 | |
| Directional Movement: | 3.71 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 1,944.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,936.27 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 1,937.62 | |
| Zig ZAG (10): | 1,950.13 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 46.01 | |
| TEMA (21): | 1,943.71 | |
| Williams %R (14): | -19.76 | |
| Chande Momentum Oscillator (20): | 1.43 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1,950.65 | |
| MA20: | 1,979.78 | |
| MA50: | 1,995.70 | |
| MA100: | 1,955.98 | |
| MAexp7: | 1,944.84 | |
| MAexp20: | 1,947.33 | |
| MAexp50: | 1,949.99 | |
| MAexp100: | 1,953.64 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -1.74% | |
| Price / MA50: | -2.52% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.42% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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