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 06/30/2020 (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
50%
6%
44%
My opinion
Bullish above 1,766.04 USD
My targets
1,792.46 USD (+1.10%)
1,822.42 USD (+2.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,766.04 USD. The buyers” bullish objective is set at 1,792.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,822.42 USD. If there is any crossing, the next objective would be the resistance located at 1,909.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.5

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

Additional analysis

Quotes

The GOLD - USD rating is 1,773.01 USD. The price is lower by -0.01% since the last closing with the lowest point at 1,768.66 USD and the highest point at 1,773.88 USD. The deviation from the price is +0.25% for the low point and -0.05% for the high point.

1,768.66
1,773.88
1,773.01

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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 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 bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



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

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,735.56 1,747.55 1,766.04 1,773.01 1,775.65 1,792.46 1,909.60
Change (%) -2.11% -1.44% -0.39% - +0.15% +1.10% +7.70%
Change -37.45 -25.46 -6.97 - +2.64 +19.45 +136.59
Level Intermediate Intermediate Intermediate - Intermediate Intermediate 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
Standard1,757.551,761.721,767.441,771.611,777.331,781.501,787.22
Camarilla1,770.451,771.361,772.261,773.171,774.081,774.981,775.89
Woodie1,758.341,762.111,768.231,772.001,778.121,781.891,788.01
Fibonacci1,761.721,765.501,767.831,771.611,775.391,777.721,781.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,712.951,727.941,749.441,764.431,785.931,800.921,822.42
Camarilla1,760.921,764.261,767.611,770.951,774.301,777.641,780.99
Woodie1,716.221,729.571,752.711,766.061,789.201,802.551,825.69
Fibonacci1,727.941,741.881,750.491,764.431,778.371,786.981,800.92


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.39
MACD (12,26,9): 0.6700
Directional Movement: -7.38
AROON (14): 42.86
DEMA (21): 1,772.50
Parabolic SAR (0,02-0,02-0,2): 1,774.08
Elder Ray (13): 0.79
Super Trend (3,10): 1,763.91
Zig ZAG (10): 1,772.90
VORTEX (21): 1.0400
Stochastique (14,3,5): 64.59
TEMA (21): 1,771.77
Williams %R (14): -40.23
Chande Momentum Oscillator (20): 0.00
Repulse (5,40,3): -0.0300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.05
MA7: 1,767.04
MA20: 1,735.89
MA50: 1,725.53
MA100: 1,672.76
MAexp7: 1,771.83
MAexp20: 1,771.48
MAexp50: 1,769.54
MAexp100: 1,765.70
Price / MA7: +0.34%
Price / MA20: +2.14%
Price / MA50: +2.75%
Price / MA100: +5.99%
Price / MAexp7: +0.07%
Price / MAexp20: +0.09%
Price / MAexp50: +0.20%
Price / MAexp100: +0.41%

Quotes : 2020-06-30 07:54:26 - 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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