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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 06/22/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1,735.56 USD
My targets
1,772.28 USD (+1.56%)
1,792.46 USD (+2.71%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,735.56 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,735.56 USD. The next bullish objective for buyers is set at 1,772.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,792.46 USD. If there is any crossing, the next objective would be the resistance located at 1,909.60 USD. PS: if there is a bearish break in the support located at 1,735.56 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3

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.

Dani3lfoo
This analysis was given by Dani3lfoo. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 1,745.11 USD. On the day, this instrument gained +0.06% with the lowest point at 1,742.92 USD and the highest point at 1,758.72 USD. The deviation from the price is +0.13% for the low point and -0.77% for the high point.

1,742.92
1,758.72
1,745.11

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

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 HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

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 bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. 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 on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1,730.00 1,735.56 1,744.93 1,745.11 1,792.46 1,909.60
Change (%) -0.87% -0.55% -0.01% - +2.71% +9.43%
Change -15.11 -9.55 -0.18 - +47.35 +164.49
Level Intermediate Major 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
Standard1,706.281,714.361,729.191,737.271,752.101,760.181,775.01
Camarilla1,737.721,739.821,741.921,744.021,746.121,748.221,750.32
Woodie1,709.661,716.051,732.571,738.961,755.481,761.871,778.39
Fibonacci1,714.361,723.111,728.521,737.271,746.021,751.431,760.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,676.031,690.161,717.091,731.221,758.151,772.281,799.21
Camarilla1,732.731,736.491,740.261,744.021,747.781,751.551,755.31
Woodie1,682.431,693.361,723.491,734.421,764.551,775.481,805.61
Fibonacci1,690.161,705.851,715.541,731.221,746.911,756.601,772.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,583.961,627.261,678.791,722.091,773.621,816.921,868.45
Camarilla1,704.251,712.951,721.641,730.331,739.021,747.721,756.41
Woodie1,588.091,629.321,682.921,724.151,777.751,818.981,872.58
Fibonacci1,627.261,663.481,685.861,722.091,758.311,780.691,816.92

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): 56.12
MACD (12,26,9): 5.4100
Directional Movement: 10.73
AROON (14): 57.14
DEMA (21): 1,752.57
Parabolic SAR (0,02-0,02-0,2): 1,758.55
Elder Ray (13): -0.81
Super Trend (3,10): 1,738.55
Zig ZAG (10): 1,745.50
VORTEX (21): 1.1500
Stochastique (14,3,5): 51.50
TEMA (21): 1,753.84
Williams %R (14): -75.39
Chande Momentum Oscillator (20): 3.94
Repulse (5,40,3): -0.3400
ROCnROLL: -1
TRIX (15,9): 0.0500
Courbe Coppock: 1.42
MA7: 1,732.16
MA20: 1,721.94
MA50: 1,717.48
MA100: 1,660.50
MAexp7: 1,750.48
MAexp20: 1,745.32
MAexp50: 1,737.43
MAexp100: 1,732.08
Price / MA7: +0.75%
Price / MA20: +1.35%
Price / MA50: +1.61%
Price / MA100: +5.10%
Price / MAexp7: -0.31%
Price / MAexp20: -0.01%
Price / MAexp50: +0.44%
Price / MAexp100: +0.75%

Quotes : 2020-06-22 07:27:53 - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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