GOLD FULL0625 - 1H - Technical analysis published on 06/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1,838.5 USD
My targets
1,809.2 USD (-0.77%)
1,800.9 USD (-1.23%)
My analysis
In a bearish trend, the price of GOLD FULL0822 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,838.5 USD. A bearish break in the support located at 1,809.2 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1,800.9 USD. Then 1,739.7 USD by extension. It would be safer to wait for a bearish break in the support located at 1,809.2 USD before allowing yourself to re trade short positions (for sale) on GOLD FULL0822. PS: if there is a bullish break in the resistance located at 1,838.5 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
GOLD FULL0822 rating 1,823.3 USD. The price has increased by +0.54% since the last closing and was between 1,808.4 USD and 1,838.5 USD. This implies that the price is at +0.82% from its lowest and at -0.83% from its highest.1,808.4
1,838.5
1,823.3
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD FULL0822 chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
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.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,739.7 | 1,800.9 | 1,809.2 | 1,823.3 | 1,826.5 | 1,838.5 | 1,862.3 |
| Change (%) | -4.59% | -1.23% | -0.77% | - | +0.18% | +0.83% | +2.14% |
| Change | -83.6 | -22.4 | -14.1 | - | +3.2 | +15.2 | +39.0 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,774.8 | 1,790.4 | 1,802.0 | 1,817.6 | 1,829.2 | 1,844.8 | 1,856.4 |
| Camarilla | 1,806.0 | 1,808.5 | 1,811.0 | 1,813.5 | 1,816.0 | 1,818.5 | 1,821.0 |
| Woodie | 1,772.7 | 1,789.4 | 1,799.9 | 1,816.6 | 1,827.1 | 1,843.8 | 1,854.3 |
| Fibonacci | 1,790.4 | 1,800.8 | 1,807.2 | 1,817.6 | 1,828.0 | 1,834.4 | 1,844.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,788.4 | 1,807.4 | 1,841.5 | 1,860.5 | 1,894.6 | 1,913.6 | 1,947.7 |
| Camarilla | 1,860.9 | 1,865.8 | 1,870.6 | 1,875.5 | 1,880.4 | 1,885.2 | 1,890.1 |
| Woodie | 1,795.9 | 1,811.2 | 1,849.0 | 1,864.3 | 1,902.1 | 1,917.4 | 1,955.2 |
| Fibonacci | 1,807.4 | 1,827.7 | 1,840.3 | 1,860.5 | 1,880.8 | 1,893.4 | 1,913.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,662.1 | 1,726.9 | 1,787.8 | 1,852.6 | 1,913.5 | 1,978.3 | 2,039.2 |
| Camarilla | 1,814.1 | 1,825.7 | 1,837.2 | 1,848.7 | 1,860.2 | 1,871.8 | 1,883.3 |
| Woodie | 1,660.2 | 1,725.9 | 1,785.9 | 1,851.6 | 1,911.6 | 1,977.3 | 2,037.3 |
| Fibonacci | 1,726.9 | 1,774.9 | 1,804.6 | 1,852.6 | 1,900.6 | 1,930.3 | 1,978.3 |
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): | 51.60 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 3.3 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 1,823.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,837.8 | |
| Elder Ray (13): | 0.3 | |
| Super Trend (3,10): | 1,816.1 | |
| Zig ZAG (10): | 1,824.2 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 37.60 | |
| TEMA (21): | 1,827.5 | |
| Williams %R (14): | -60.20 | |
| Chande Momentum Oscillator (20): | 8.4 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.20 |
| MA7: | 1,843.8 | |
| MA20: | 1,850.7 | |
| MA50: | 1,883.6 | |
| MA100: | 1,898.9 | |
| MAexp7: | 1,824.8 | |
| MAexp20: | 1,822.9 | |
| MAexp50: | 1,826.7 | |
| MAexp100: | 1,834.5 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -3.20% | |
| Price / MA100: | -3.98% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.61% |
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.
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