GOLD - USD - 1H - Technical analysis published on 08/06/2020 (GMT)
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- Timeframe : 1H
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- Status : WITHOUT TARGET
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2,055.82 USD
My targets
-
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,055.82 USD, you could try to benefit from the boom. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The GOLD - USD price is 2,070.41 USD. The price has increased by +1.66% since the last closing and was between 2,034.68 USD and 2,075.11 USD. This implies that the price is at +1.76% from its lowest and at -0.23% from its highest.2,034.68
2,075.11
2,070.41
Here is a more detailed summary of the historical variations registered by GOLD - USD:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 1H shows a strongly overall 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,980.87 | 2,028.97 | 2,055.82 | 2,070.41 |
| Change (%) | -4.32% | -2.00% | -0.70% | - |
| Change | -89.54 | -41.44 | -14.59 | - |
| Level | Major | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,990.72 | 2,007.60 | 2,022.06 | 2,038.94 | 2,053.40 | 2,070.28 | 2,084.74 |
| Camarilla | 2,027.90 | 2,030.77 | 2,033.65 | 2,036.52 | 2,039.39 | 2,042.27 | 2,045.14 |
| Woodie | 1,989.51 | 2,007.00 | 2,020.85 | 2,038.34 | 2,052.19 | 2,069.68 | 2,083.53 |
| Fibonacci | 2,007.60 | 2,019.57 | 2,026.97 | 2,038.94 | 2,050.91 | 2,058.31 | 2,070.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,074.54 | 1,088.56 | 1,113.80 | 1,127.82 | 1,153.06 | 1,167.08 | 1,192.32 |
| Camarilla | 1,128.25 | 1,131.85 | 1,135.45 | 1,139.05 | 1,142.65 | 1,146.25 | 1,149.85 |
| Woodie | 1,080.16 | 1,091.37 | 1,119.42 | 1,130.63 | 1,158.68 | 1,169.89 | 1,197.94 |
| Fibonacci | 1,088.56 | 1,103.55 | 1,112.82 | 1,127.82 | 1,142.81 | 1,152.08 | 1,167.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,600.87 | 1,679.23 | 1,827.40 | 1,905.76 | 2,053.93 | 2,132.29 | 2,280.46 |
| Camarilla | 1,913.27 | 1,934.04 | 1,954.81 | 1,975.57 | 1,996.34 | 2,017.10 | 2,037.87 |
| Woodie | 1,635.78 | 1,696.68 | 1,862.31 | 1,923.21 | 2,088.84 | 2,149.74 | 2,315.37 |
| Fibonacci | 1,679.23 | 1,765.76 | 1,819.23 | 1,905.76 | 1,992.29 | 2,045.76 | 2,132.29 |
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): | 62.34 | |
| MACD (12,26,9): | 8.0700 | |
| Directional Movement: | 21.14 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 2,068.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,058.02 | |
| Elder Ray (13): | 8.52 | |
| Super Trend (3,10): | 2,047.21 | |
| Zig ZAG (10): | 2,070.63 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 81.52 | |
| TEMA (21): | 2,068.32 | |
| Williams %R (14): | -16.36 | |
| Chande Momentum Oscillator (20): | 11.32 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.54 |
| MA7: | 1,936.86 | |
| MA20: | 1,889.79 | |
| MA50: | 1,806.07 | |
| MA100: | 1,745.56 | |
| MAexp7: | 2,065.29 | |
| MAexp20: | 2,057.27 | |
| MAexp50: | 2,040.35 | |
| MAexp100: | 2,018.33 | |
| Price / MA7: | +6.90% | |
| Price / MA20: | +9.56% | |
| Price / MA50: | +14.64% | |
| Price / MA100: | +18.61% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +2.58% |
Quotes :
2020-08-06 23:26:27
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
-
Gold and Silver Forecast August 7, 2020
-
Gold Technical Analysis for August 7, 2020 by FXEmpire
-
Gold price to reach $2500 if Biden wins - Dan Popescu
-
Gold and Silver Forecast August 6, 2020
-
Gold Technical Analysis for August 6, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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