GOLD - USD - 1H - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1,787.19 USD
My targets
1,764.65 USD (-0.64%)
1,757.59 USD (-1.03%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,787.19 USD. The next support located at 1,764.65 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,757.59 USD. Below this support, sellers could then target 1,747.53 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish 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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,775.97 USD. The price is lower by -0.55% since the last closing with the lowest point at 1,774.75 USD and the highest point at 1,787.49 USD. The deviation from the price is +0.07% for the low point and -0.64% for the high point.1,774.75
1,787.49
1,775.97
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
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
A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,747.53 | 1,757.59 | 1,764.65 | 1,775.97 | 1,779.63 | 1,787.19 | 1,792.46 |
| Change (%) | -1.60% | -1.03% | -0.64% | - | +0.21% | +0.63% | +0.93% |
| Change | -28.44 | -18.38 | -11.32 | - | +3.66 | +11.22 | +16.49 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 1,757.72 | 1,763.89 | 1,774.88 | 1,781.05 | 1,792.04 | 1,798.21 | 1,809.20 |
| Camarilla | 1,781.15 | 1,782.72 | 1,784.30 | 1,785.87 | 1,787.44 | 1,789.02 | 1,790.59 |
| Woodie | 1,760.13 | 1,765.10 | 1,777.29 | 1,782.26 | 1,794.45 | 1,799.42 | 1,811.61 |
| Fibonacci | 1,763.89 | 1,770.45 | 1,774.50 | 1,781.05 | 1,787.61 | 1,791.66 | 1,798.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,727.17 | 1,742.38 | 1,758.82 | 1,774.03 | 1,790.47 | 1,805.68 | 1,822.12 |
| Camarilla | 1,766.56 | 1,769.46 | 1,772.36 | 1,775.26 | 1,778.16 | 1,781.06 | 1,783.96 |
| Woodie | 1,727.79 | 1,742.69 | 1,759.44 | 1,774.34 | 1,791.09 | 1,805.99 | 1,822.74 |
| Fibonacci | 1,742.38 | 1,754.47 | 1,761.94 | 1,774.03 | 1,786.12 | 1,793.59 | 1,805.68 |
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): | 37.59 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | -13.08 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,782.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,785.14 | |
| Elder Ray (13): | -4.46 | |
| Super Trend (3,10): | 1,776.76 | |
| Zig ZAG (10): | 1,776.90 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 16.06 | |
| TEMA (21): | 1,781.35 | |
| Williams %R (14): | -89.17 | |
| Chande Momentum Oscillator (20): | -8.04 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.37 |
| MA7: | 1,776.77 | |
| MA20: | 1,755.08 | |
| MA50: | 1,731.71 | |
| MA100: | 1,682.86 | |
| MAexp7: | 1,780.58 | |
| MAexp20: | 1,781.93 | |
| MAexp50: | 1,779.81 | |
| MAexp100: | 1,777.25 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +2.56% | |
| Price / MA100: | +5.53% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.07% |
Quotes :
2020-07-07 09:29:55
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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 7, 2020
-
Gold Technical Analysis for July 7, 2020 by FXEmpire
-
"Behind the Buzz" Show: Clarity Gold Corp. (CSE: CLAR) Corporate Overview
-
Gold and Silver Forecast July 6, 2020
-
Gold Technical Analysis for the Week of July 6, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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