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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 07/01/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 1,779.41 USD
My targets
1,792.46 USD (+0.45%)
1,822.42 USD (+2.13%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,779.41 USD, you could try to benefit from the boom. The first bullish objective is located at 1,792.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,822.42 USD as an objective. Crossing it would then enable buyers to target 1,909.60 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8

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

The GOLD - USD rating is 1,784.39 USD. The price registered an increase of +0.08% on the session with the lowest point at 1,780.20 USD and the highest point at 1,785.18 USD. The deviation from the price is +0.24% for the low point and -0.04% for the high point.

1,780.20
1,785.18
1,784.39

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in 1H of this GOLD - USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,754.31 1,764.82 1,779.41 1,784.39 1,786.01 1,792.46 1,909.60
Change (%) -1.69% -1.10% -0.28% - +0.09% +0.45% +7.02%
Change -30.08 -19.57 -4.98 - +1.62 +8.07 +125.21
Level Minor Minor Intermediate - Intermediate Intermediate 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
Standard1,748.491,756.611,769.761,777.881,791.031,799.151,812.30
Camarilla1,777.051,779.001,780.951,782.901,784.851,786.801,788.75
Woodie1,751.001,757.871,772.271,779.141,793.541,800.411,814.81
Fibonacci1,756.611,764.741,769.761,777.881,786.011,791.031,799.15


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
Standard1,591.701,631.191,707.041,746.531,822.381,861.871,937.72
Camarilla1,751.181,761.751,772.331,782.901,793.471,804.051,814.62
Woodie1,609.891,640.281,725.231,755.621,840.571,870.961,955.91
Fibonacci1,631.191,675.251,702.471,746.531,790.591,817.811,861.87

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 63.62
MACD (12,26,9): 2.8800
Directional Movement: 11.25
AROON (14): 78.57
DEMA (21): 1,784.19
Parabolic SAR (0,02-0,02-0,2): 1,774.69
Elder Ray (13): 2.18
Super Trend (3,10): 1,774.79
Zig ZAG (10): 1,784.82
VORTEX (21): 1.1600
Stochastique (14,3,5): 75.09
TEMA (21): 1,785.09
Williams %R (14): -8.18
Chande Momentum Oscillator (20): 2.32
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.62
MA7: 1,772.62
MA20: 1,740.61
MA50: 1,727.20
MA100: 1,675.04
MAexp7: 1,783.12
MAexp20: 1,780.44
MAexp50: 1,775.90
MAexp100: 1,770.85
Price / MA7: +0.66%
Price / MA20: +2.52%
Price / MA50: +3.31%
Price / MA100: +6.53%
Price / MAexp7: +0.07%
Price / MAexp20: +0.22%
Price / MAexp50: +0.48%
Price / MAexp100: +0.77%

Quotes : 2020-07-01 06:53:16 - Real time data - Gold & Silver Spot

News


Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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