GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 03/15/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1,723.53 USD
My targets
1,740.14 USD (+0.54%)
1,778.85 USD (+2.77%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,723.53 USD. The next resistance located at 1,740.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,778.85 USD. After this resistance, buyers could then target 1,855.57 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,730.87 USD. The price registered an increase of +0.20% on the session and was traded between 1,721.66 USD and 1,734.10 USD over the period. The price is currently at +0.53% from its lowest and -0.19% from its highest.

1,721.66
1,734.10
1,730.87

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,699.30 1,714.36 1,723.53 1,730.87 1,740.14 1,778.85 1,855.57
Change (%) -1.82% -0.95% -0.42% - +0.54% +2.77% +7.20%
Change -31.57 -16.51 -7.34 - +9.27 +47.98 +124.70
Level Intermediate Minor Intermediate - Intermediate Major Minor



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
Standard1,677.791,688.511,707.981,718.701,738.171,748.891,768.36
Camarilla1,719.141,721.911,724.671,727.441,730.211,732.981,735.74
Woodie1,682.161,690.701,712.351,720.891,742.541,751.081,772.73
Fibonacci1,688.511,700.051,707.171,718.701,730.241,737.361,748.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,626.491,651.661,689.551,714.721,752.611,777.781,815.67
Camarilla1,710.101,715.881,721.661,727.441,733.221,739.001,744.78
Woodie1,632.851,654.841,695.911,717.901,758.971,780.961,822.03
Fibonacci1,651.661,675.751,690.631,714.721,738.811,753.691,777.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,522.511,619.891,677.111,774.491,831.711,929.091,986.31
Camarilla1,691.811,705.981,720.151,734.321,748.491,762.661,776.84
Woodie1,502.421,609.851,657.021,764.451,811.621,919.051,966.22
Fibonacci1,619.891,678.951,715.441,774.491,833.551,870.041,929.09

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): 54.26
MACD (12,26,9): 2.4100
Directional Movement: 10.50
AROON (14): -28.57
DEMA (21): 1,729.98
Parabolic SAR (0,02-0,02-0,2): 1,756.04
Elder Ray (13): 2.65
Super Trend (3,10): 1,751.51
Zig ZAG (10): 1,729.79
VORTEX (21): 1.0600
Stochastique (14,3,5): 17.21
TEMA (21): 1,731.38
Williams %R (14): -79.36
Chande Momentum Oscillator (20): 5.34
Repulse (5,40,3): 0.1000
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.07
MA7: 1,715.61
MA20: 1,746.02
MA50: 1,808.40
MA100: 1,838.16
MAexp7: 1,729.03
MAexp20: 1,726.68
MAexp50: 1,723.42
MAexp100: 1,719.94
Price / MA7: +0.89%
Price / MA20: -0.87%
Price / MA50: -4.29%
Price / MA100: -5.84%
Price / MAexp7: +0.10%
Price / MAexp20: +0.24%
Price / MAexp50: +0.43%
Price / MAexp100: +0.63%

Quotes : 2021-03-15 12:52:13 - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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