GOLD - USD - 1H - Technical analysis published on 07/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 1,764.65 USD
My targets
1,786.01 USD (+0.58%)
1,792.46 USD (+0.94%)
My analysis
A bullish trend on GOLD - USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1,764.65 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1,786.01 USD. Then the price could move towards 1,792.46 USD. Then 1,909.60 USD by extension. Be careful, a return below 1,764.65 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,775.76 USD. On the day, this instrument lost -0.01% with the lowest point at 1,772.58 USD and the highest point at 1,777.16 USD. The deviation from the price is +0.18% for the low point and -0.08% for the high point.1,772.58
1,777.16
1,775.76
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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 bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R 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 | 1,757.59 | 1,764.65 | 1,774.01 | 1,775.76 | 1,779.49 | 1,786.01 | 1,789.24 |
| Change (%) | -1.02% | -0.63% | -0.10% | - | +0.21% | +0.58% | +0.76% |
| Change | -18.17 | -11.11 | -1.75 | - | +3.73 | +10.25 | +13.48 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,740.33 | 1,748.96 | 1,762.40 | 1,771.03 | 1,784.47 | 1,793.10 | 1,806.54 |
| Camarilla | 1,769.77 | 1,771.79 | 1,773.82 | 1,775.84 | 1,777.86 | 1,779.89 | 1,781.91 |
| Woodie | 1,742.74 | 1,750.16 | 1,764.81 | 1,772.23 | 1,786.88 | 1,794.30 | 1,808.95 |
| Fibonacci | 1,748.96 | 1,757.39 | 1,762.60 | 1,771.03 | 1,779.46 | 1,784.67 | 1,793.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,712.95 | 1,727.94 | 1,749.44 | 1,764.43 | 1,785.93 | 1,800.92 | 1,822.42 |
| Camarilla | 1,760.92 | 1,764.26 | 1,767.61 | 1,770.95 | 1,774.30 | 1,777.64 | 1,780.99 |
| Woodie | 1,716.22 | 1,729.57 | 1,752.71 | 1,766.06 | 1,789.20 | 1,802.55 | 1,825.69 |
| Fibonacci | 1,727.94 | 1,741.88 | 1,750.49 | 1,764.43 | 1,778.37 | 1,786.98 | 1,800.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,591.70 | 1,631.19 | 1,707.04 | 1,746.53 | 1,822.38 | 1,861.87 | 1,937.72 |
| Camarilla | 1,751.18 | 1,761.75 | 1,772.33 | 1,782.90 | 1,793.47 | 1,804.05 | 1,814.62 |
| Woodie | 1,609.89 | 1,640.28 | 1,725.23 | 1,755.62 | 1,840.57 | 1,870.96 | 1,955.91 |
| Fibonacci | 1,631.19 | 1,675.25 | 1,702.47 | 1,746.53 | 1,790.59 | 1,817.81 | 1,861.87 |
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): | 51.78 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | -8.56 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,775.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,771.95 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 1,766.93 | |
| Zig ZAG (10): | 1,775.73 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 60.49 | |
| TEMA (21): | 1,776.51 | |
| Williams %R (14): | -22.78 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1,773.34 | |
| MA20: | 1,747.47 | |
| MA50: | 1,728.75 | |
| MA100: | 1,678.91 | |
| MAexp7: | 1,775.57 | |
| MAexp20: | 1,774.87 | |
| MAexp50: | 1,774.21 | |
| MAexp100: | 1,772.61 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +2.72% | |
| Price / MA100: | +5.77% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-07-03 08:04:59
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Real time data
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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:
-
Gold and Silver Forecast July 3, 2020
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Gold Technical Analysis for July 3, 2020 by FXEmpire
-
Gold producer Ariana Resources hits a record high as it initiates a JV
-
EURUSD on Breakout Watch with NFPs, Nasdaq and Gold Trends More Restricted
-
Gold and Silver Forecast July 2, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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